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YOuR SOuRCE FOR INVESTMENT REAL ESTATE YOUR SOURCE FOR INVESTMENT REAL ESTATE
C O N TA C T
GERALD E. BURG MANAGING DIRECTOR (703) 787-4714 jburg@calkain.com ANDREW FALLON INVESTMENT SALES & RESEARCH ANALYST (703) 787-4714 afallon@calkain.com
C A L K A I N C O M PA N I E S , I N C .
WASHINGTON DC | FLORIDA | MARYLAND
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Disclaimer
The information contained in the following Investment Prospectus is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Calkain Companies, Inc. and its subsidiaries, and should not be made available to any other person or entity without the written consent of Calkain Companies, Inc. This offering memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property(s). The information contained herein is not a substitute for a thorough due diligence investigation. Calkain Companies, Inc. and its subsidiaries have not made any investigation, and make no warranty or representation, with respect to the income or expenses for the subject property(s), the future projected financial performance of the property, the size and square footage of the property(s) and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenants plans or intentions to continue its occupancy of the subject property(s). The information contained in this Investment Prospectus has been obtained from sources we believe to be reliable; however neither Calkain Companies, Inc. and its subsidiaries nor the Seller have verified, and will not verify, any of the information contained herein, nor has Calkain Companies, Inc. and its subsidiaries or the Seller conducted any investigation regarding these matters and make no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
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Financial Summary
RENT SChEduLE
Term July 27, 2010 July 27, 2011 July 27, 2012 July 27, 2013 July 27, 2014 July 27, 2015 Annual Increases 3% 3% 3% 3% 3% 3% Annual Rent $98,952 $101,921 $104,978 $108,128 $111,371 $114,713 Monthly Rent $8,246 $8,493 $8,748 $9,011 $9,281 $9,559 Per sf $26.78 $27.58 $28.41 $29.26 $30.14 $31.05
hIghLIghTS
NNN office condo, with stable government contracting tenant 3% Annual rent escalations Newly constructed condo is part of 46,786 SF Class A professional center Located within Lorton Station Town Center, a 95,000 SF community shopping center Easy access to I-95 and Route 1, adjacent to VRE Station and minutes from INOVA Lorton Healthplex, Potomac Hospital and Fort Belvoir Desirable Washington DC suburb with strong demographics Significant population and household growth within 5-mile radius of subject property
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Tenant Overview
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Location Overview
F O RT bE LvO I R M I L I TA Ry bA S E
95
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R d. L O RTO N
95
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LO
RT
ON
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Location Overview
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Location Overview
Lorton Professional Center (subject property) is conveniently located within Lorton Station Town Center, a 95,000 SF community shopping center serving the 300 acre master-planned Lorton Station neighborhood. Easy access to I-95 and Route 1. Lorton Station Town Center is located adjacent to Lorton VRE Station, within a mile of proposed INOVA Lorton Healthplex, and minutes from Potomac Hospital and Fort Belvoir.
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Location Overview
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Floor Plan
Floor Plan
FIRST FLOOR
SECONd FLOOR
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Demographics
M A R K E T Ov E Rv I E w
There are currently 56,863 households within a 5 mile radius of the Lorton Professional Center. The household count in this market area has changed from 50,311 in 2000 to 56,863 currently, a 13% change. The current year population within a 5 mile radius of Lorton Professional Center is 160,633 and the population is projected to grow to 167,047 by the year 2014. Current average household income is $118,686 within a 5 mile radius of Lorton Professional Center. It is projected to be $145,931 in five years, compared to $76,366 in the year 2000.
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Demographics
2009 INCOME
$99,730 $42,015 $117,759 17,531 2.80 67.9% 26.8% 5.3% 38,296 42,672 49,221 51,724 1.09% 1.56% 1% 11,265 14,028 17,531 18,496 2.22% 2.44% 1.08% $55,656 $72,770 $99,730 $101,722 2.72% 3.47% 0.4%
2009 hOuSEhOLdS
Total Households Average Household Size
2009 hOuSINg
Owner Occupied Housing units Renter Occupied Housing units Vacant Housing units 1990 Population 2000 Population 2009 Population 2014 Population 1990-2000 Annual Rate 2000-2009 Annual Rate 2009-2014 Annual Rate
P O P u L AT I O N
1990 Households 2000 Households 2009 Households 2014 Households 1990-2000 Annual Rate 2000-2009 Annual Rate 2009-2014 Annual Rate
hOuSEhOLdS
1990 Median HH Income 2000 Median HH Income 2009 Median HH Income 2014 Median HH Income 1990-2000 Annual Rate 2000-2009 Annual Rate 2009-2014 Annual Rate
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Contact | About Us
Contact | About Us
C O N TA C T A b R O K E R :
GERALD E. BURG MANAGING DIRECTOR (703) 787-4714 jburg@calkain.com ANDREW FALLON INVESTMENT SALES & RESEARCH ANALYSIS (703) 787-4714 afallon@calkain.com
Calkain Companies, Inc. is a national, commercial real estate firm, focusing on net lease investments, that provides brokerage and consulting services for both private and institutional clientele. The Company is comprised of four distinct divisions, Calkain Realty Advisors, Calkain Institutional Advisors, Calkain Opportunity Services and Calkain Site Services. We have utilized an extended network of solid relationships to successfully complete nearly $3 billion in sales and have consistently ranked as one of the Top National Net Lease Investment Brokerage Firms. Core values such as integrity, honesty and innovation have helped secure our position as a leader within the net lease industry.
C O M PA N y O v E R v I E w
O u R h I S T O Ry
Since opening its first office in Reston, VA (a Washington, DC suburb), Calkain is now ranked as one of the top Net Lease Investment Brokerage firms, Calkain has watched its clientele grow exponentially by staying true to its fundamentals; integrity, honesty, and innovation. In 2005, the ever-expanding marketplace for commercial investment real estate allowed Calkain to divide its services into two divisions; Calkain Realty Advisors and Calkain Institutional Advisors, each providing tailored services that exceed client expectations. In November 2006, Calkain designed the ultimate real estate evaluation tool, Calkain Site Services. This division utilizes trained industry professionals to examine commercial investment property nationwide, providing clients with an in-depth review of all characteristics of any given property and its surrounding market. In December 2008, through the urging of many of its net lease clients, Calkain initiated Calkain Opportunity Services. Assisting net lease properties owners in challenging situations. Calkain has developed a culture that is very much evident, helping to attract and retain the best employees and clients. The general commitment to its clients has made Calkain the industry benchmark for service in the net lease industry. By promoting public service and philanthropy to its employees, Calkain demonstrates its commitment to communities and the issues that surround them.
C A L K A I N C O M P A N I E S , I N C . W A S H I N G T O N D C | F L O R I D A | M A R Y L A N D
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