The 85,990 square foot portfolio is fully occupied and situated on 5.3 acres in the City of Alexandria. It's also ideally suited for redevelopment, Transwestern claims, given its proximity to the District, I-495 and I-95 and two metro rail stations.
All three buildings are single-story industrial boasting 24' clear high bay warehouse space. The buildings are all comparable in size with 4600 Eisenhower Ave. totalling 37,990 square feet, 4602 Eisenhower Ave. with only 16,000 square feet and four overhead doors and five loading docks, and 4604 Eisenhower Ave. clocking in at 32,000 square feet with five loading docks. Trainor did not return a call to GlobeSt.com in time for publication.
The deals were inked as the national industrial vacancy rate edged up in Q3 2009 to reach a new high for the decade of 10.5%, according to a report from Colliers International. This marks the eighth consecutive quarter of increasing vacancy. In the Washington, DC-area, vacancy rates have reached 12.1%, from 8.6% the same period last year.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
