Fully Leased Flex Property Fetches $11M

STAFFORD, VA-In an $11.2 million deal, First Potomac Realty Trust has become the new owner of Aquia Commerce Center I & II, a two-structure flex property totaling 64,000 sf. The Bethesda, MD-based REIT acquired the buildings from Aquia Commerce Center LC. According to county records, the structures have a totaled assessed value of approximately $5.7 million. But certain factors such as location and property condition, as well as the fact that the property is completely leased to two government tenants, certainly went a long way in increasing the sale value.

Aquia Commerce Center occupies nearly 3.5 acres off I-95, within close proximity to Quantico Marine Corps Base. The two two-story buildings carry the addresses of 2721 and 2723 Jefferson Davis Hwy, and were developed in 1989 and 1999, respectively.