OFFICE CONDO OPPORTUNITY Loudoun County,...

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OFFICE CONDO OPPORTUNITY Loudoun County, Virginia WELCOME TO VILLAGE AT LEESBURG, WHERE LIFE IS IN FULL BLOOM Patty I. Brown, CCIM [email protected] 703.726.0149

Transcript of OFFICE CONDO OPPORTUNITY Loudoun County,...

Page 1: OFFICE CONDO OPPORTUNITY Loudoun County, Virginiavillageatleesburg.com/wp-content/uploads/2015/06/VAL_Condo_Kit... · Village 12 Cinemas, King Pinz 18-lane bowling alley, LA Fitness,

OFFICE CONDO OPPORTUNITYLoudoun County, Virginia

WELCOME TO VILLAGE AT LEESBURG, WHERE LIFE IS IN FULL BLOOMPatty I. Brown, [email protected]

Page 2: OFFICE CONDO OPPORTUNITY Loudoun County, Virginiavillageatleesburg.com/wp-content/uploads/2015/06/VAL_Condo_Kit... · Village 12 Cinemas, King Pinz 18-lane bowling alley, LA Fitness,

Welcome to Village at Leesburg – a 1.2 million square foot mixed-use, grocery anchored, main street style center with Class-A offices and luxury apartments. This unique “live-work-play” combination makes Village at Leesburg the destination of choice for businesses seeking locations in the Northern Virginia suburban market.

Over 70 National, Regional and Boutique Retailers

335 Luxury Apartments

150,000 SF Class A Office Space

Population 133,745

HH Income $158,769

Day Population 41,708

Vehicles Per Day 78,000 (Route 7)

Demographics (5-Mile Radius) Loudoun County

$ Wealthiest county in the nation (U.S. Census, 2013)

Second fastest growing county in the U.S.

Page 3: OFFICE CONDO OPPORTUNITY Loudoun County, Virginiavillageatleesburg.com/wp-content/uploads/2015/06/VAL_Condo_Kit... · Village 12 Cinemas, King Pinz 18-lane bowling alley, LA Fitness,

OVERVIEWCondo BuildingsThe office condos at Village at Leesburg , which are situated directly on Rt 7/Leesburg Pike, include include three two-story buildings totaling 30,759 square feet. Each building contains 6 units, ranging from 818 to 5,700 square feet for the entire floor.

InventoryOnly 3 suites remain

Sales Price$230 per square foot (Suites 200 and 205) $235 per square foot (Suite 210)

Condo Fee$3.77 per square foot

SignageBuilding exterior lighted signage opportunities facing Rt. 7 (75k VPD)

ParkingCovered parking at 3.3 spaces per thousand square feet

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Turnkey BuildoutTurnkey buildouts of the vanilla spaces are available for qualified buyers

ElevatorsElevators provide handicapped accessibility to the second levels allowing for healthcare use

Current Buyer Incentives Seller shall pre-pay the Purchaser’s condominium dues for one year from Settlement and provide a credit of $5,000 towards the Purchaser’s closing costs

Patty I. Brown, CCIM | [email protected] A. Hutchinson | [email protected] Maza | [email protected]

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PRICELIST SUITE GROSS SF PRICE PSF PURCHASE PRICE CONDITION

1503 Dodona Terrace

200 ± 1,809 $230.00 $416,000 Vanilla Box 205 ± 1,888 $230.00 $434,000 Vanilla Box

1507 Dodona Terrace

210 ± 1,719 $235.00 $404,000 Vanilla Box

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Property Description: Office Condominiums located within the Village at Leesburg project, Leesburg’s newest lifestyle center. Only three units remain located within the 1503 Dodona Terrace and 1507 Dodona Terrace buildings. Each unit is delivered with its own HVAC unit and separately metered power panel. This allows each owner the flexibility to operate its business as appropriate to maximize its market share.

Situated at the eastern edge of Leesburg, Village at Leesburg is a 1.2 million square foot lifestyle center providing a “Live/Work/Play” environment for its residents and businesses. The center features a Wegman’s Grocery Store, Cobb Village 12 Cinemas, King Pinz 18-lane bowling alley, LA Fitness, as well as a host of fine dining establishments including the recent addition of Smokehouse Live. Smokehouse Live is a unique combination of barbecue cuisine served with the ambiance of live music – rated within the Top Ten BBQ spots in the DC Area by Zagat. The project includes over 60 National, Regional, and Local Area Retail-ers, 335 luxury apartments, and over 100,000 sf Class A office space.

Project Description: Lowes will be adding a new store at the corner of Battlefield Parkway and Russell Branch, numerous communities are located nearby, Russell Branch Parkway extension is underway – opening up easy access to communities east of Leesburg, and Battlefield Creek Parkway is also under construction which shall create more accessibility to the Leesburg communities.

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Grocery & Place

to be Seen

#1FIRST PLACE

MovieTheater

BowlingAlley

FIRST PLACE

FIRST PLACE

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Modern Class-A

Office Space

SmokehouseLive

Top 10 BBQin DC Metro

-Zagat

State of the ArtHealth Club

“Top Rated” Apartment in the U.S.*

*2013 & 2014Apartmentratings.com

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FUTURE

BUS15

267659

EXIT2

EXIT1B

773

15

LEESBURGEXECUTIVE

AIRPORT

LEESBURGEXECUTIVE

AIRPORT

WESTPARKGOLF CLUBWESTPARKGOLF CLUB

GOOSECREEKGOLFCLUB

GOOSECREEKGOLFCLUB

Leesburg CornerPremium Outlets

(465,000 SF)

Fort EvansShopping Center

(280,183 SF)

Village SquareShopping Center

(68,000 SF)

Battlefield Shopping Center(314,269 SF)

Leesburg ParkShopping Center

(170,000 SF)

Marketplace atPotomac Station

(160,000 SF)

Leesburg Plaza(246,783 SF)

Lansdowne TownCenter

(188,271 SF)

Fort Evans Plaza(70,827 SF)

Shenandoah Square(152,912 SF)

Village at Leesburg(400,000 SF)

ArcadiaTownhomes

85

TuscaroraCrossing

577

Leegate(Kettler)

200

Russell Branch Parkway

Village atLeesburg

335

1/2 Mile0

SCALE

POTOMAC RIVER

POTOMAC RIVER

621

654

643

Crosstrail Boulevard

FUTUREPARK &

RIDE

FUTUREPARK &

RIDE

LANSDOWNEGOLF CLUB

LANSDOWNEGOLF CLUB

BELMONTCOUNTRY

CLUB

BELMONTCOUNTRY

CLUB

LEESBURGLOUDOUN COUNTY, VIRGINIA

- Google Earth Pro -Fall 2010 Aerial Photograph

While we have no reason to doubt the accuracy of any of the information supplied, we cannot, and do

not, guarantee its accuracy.

Prepared for

Prepared by

PROPOSED

7

75,000(2012 ADT)

Dulle

s Gre

enwa

y Leesburg Pike

DEMOGRAPHIC HIGHLIGHTS:

LOUDOUN COUNTY HIGHLIGHTS:

Population 65,764 120,548 263,878

Daytime Population 31,124 45,349 112,708

Median HH Income $104,593 $112,092 $112,708

Demographics (2012) 3 Mile 5 Mile 10 Mile

College 4YR + 50.2% 54.2% 51.4%

The 2nd fastest growing county in the United States with population growth of 7.87% within the past 3 years! The county population has roughly doubled since 2000.

The richest county in the United States for the second consecutive year. Loudoun County yields a median household income of $119,525, the highest of any county in the United States.

355

LEESBURG

ASHBURN

234

234

15

659

606

772

607

7

POTOMAC

GERMANTOWN

CLARKSBURG

GAITHERSBURG

STERLING

HERNDONRESTON

WASHINGTONDULLES

INTERNATIONALAIRPORT

VIENNA

OAKTON

TYSONSCORNER

CHANTILLY

HAYMARKET

GAINESVILLE

MANASSAS

DALE CITY

LORTON

BURKE

CENTREVILLE

LOUDOUNCOUNTY

PRINCE WILLIAMCOUNTY

VIRGINIA

FAIRFAX

ANNANDALE

SPRINGFIELD

ALEXANDRIA

ARLINGTON

FALLSCHURCH

McLEAN

REAGANNATIONALAIRPORT

FAIRFAXCOUNTY

ARLINGTONCOUNTY

PRINCEGEORGE’SCOUNTY

MARYLAND

CHEVYCHASE

BETHESDA

OLNEY

ROCKVILLE

WHEATON

GREENBELT

LAURELMONTGOMERY

COUNTY

HOWARDCOUNTY

WASHINGTON, DC

For More Information Please Contact: KLNBretail.com

Population 67,764 124,249 278,452

Daytime Population 34,074 52,082 157,119

Median HH Income $118,966 $123,844 $123,250

Demographics (2014) 3 Mile 5 Mile 10 Mile

College 4YR + 54.0% 57.9% 56.6%

Population 327,715

$113,282Median HH Income

Loudoun County Demographics (2012)

Traffic Counts

1602 VILLAGE MARKET BOULEVARD, SELEESBURG, VA 20175TOWN OF LEESBURG

Route 7 75,000 (2012 ADT)

National Exposure. Local Expertise.Serving the Mid-Atlantic Region Since 1968

JOIN

1.2 MILLION SFMIXED USE

DEVELOPMENTON 57 ACRES

RETAIL525,094 SF

OFFICE208,386 SF

RESIDENTIAL479,120 SF

DALLON L. CHENEY | [email protected] | 703.722.2703 MELISSA L. WELCH | [email protected] | 703.722.2704

Loudoun is the second-fastest growing county in the Nation and the fastest growing county in Virginia

Projected to grow more than 14% over the next five years

Over the past decade, Loudoun, Virginia has enjoyed a 42% growth in the job market and 40,000 net new jobs created

Virginia is #2 on Forbes.com’s “Best States for Business”

According to CNNMoney.com, Loudoun is #1 on the list of top U.S. locations for job creation

9 minutes from VA Route 267/ Dulles Toll Road 27 minutes to Tyson’s Corner, Virginia

Regional Map

38 Miles

14 Miles

^

Page 10: OFFICE CONDO OPPORTUNITY Loudoun County, Virginiavillageatleesburg.com/wp-content/uploads/2015/06/VAL_Condo_Kit... · Village 12 Cinemas, King Pinz 18-lane bowling alley, LA Fitness,

A Delightful “Power- Village” Designed for the Community to Enjoy

13,000 - 18,000 SF Anchor Opportunity

Street Parking and Easily Accessible Garages

R U S S E L L B R A N C H P A R K W A Y

CRO S

S TR A

I L B

O UL E

V AR D

A-200A-100

BB-400

BB-300E-100

E-130

E-125E-115

E-120

F-100

F-104

F-108

G-112

G-116

G-117

G-120

G-122

G-124

H-100

H-104

H-108

H-112

H-114

H-116

Residential

Residential

J-104

J-108

J-112

J-116J-100

D-100

D-125

D-130 001-

C

011-

C

D-110

D-105

D-115 D-123

D-135

C-115 C-125 C-130B-100

B-130

B-115

B-120

K-100

K-104

K-108

L-112

L-116

L-120

L-124

P-100 P-135

P-110

P-125P-130

P-120

P-110

M-115

M-110

M-105

M-100

N-100

N-110

N-115

WellsFargo

ORVIS

BB-1207,000 SF

BB-1322,904SF

F-1005,767 SF

F-1046,004 SF

F-108

G-116A/

N - F

S 531,

2

G-117 FS 5

31,2

G-120 F

S 631,

2

G-122 A

/ N - F

S 456,

1

401-

H / 00

1-H

5,283

D-1003,090 SF

521-

DFS

409

FS 1

1 9 - 0

31-D

001-

C F

S 800,

1

FS 89

7 - 011

- C

H-108 F

S 008,

2

H-1123,396 SF H-116

5,550 SF

J-1046,505 SF

J-108 2,882 SF

J-1124,706 SF

M-1151,529 SF

M-1102,956 SF

M-1055,770 SF

M-100 4,475 SF4,615 SF

Q-1006,022 SF

J-116 - 3,400 SF

J-100Restaurant3,266 SF

Residential

Residential

BB-300 6,739 SF

E-130Advanced Dental

2,417 SFD-1101,967

C-1351,810 SF

B-100

1,288 SF

B-1302,474 SF

D-105T-Crafty

1,563E-125 - 5,000 SF

D-11518,879 SF C-125

12,823 SFC-130

10,497 SFB-115

4,050 SF

B-1205,214 SF

K-1005,826 SF

P-100G5

Hair Salon

1,788 SF

P-135

1,043 SF

P-125

1,841 SF

P-130

3,600 SF

N-100

3,002 SF

P-115

2,319 SF

K-104

4,009

SFK-1

081,4

16 SF

L-112

2,730 SF

L-116 VB

3,091 SFL-120

1,248 SF

L-124

3,952 SF

D-1239,015 SF

E-1159,373 SF

E-120E-120

5,306 SF

H-114 2,610 SF

M A R K E T S T R E E T - R O U T E 7

Q-100/105

7,069 SF

CLASSIC PATH WAY SE

TU

PPE

R W

AY

SE

RED HAWK LANE SE

BALC

H D

RIV

E S

E

DODONA TERRACE SE

G-124 FS 4

52,3

G-112FS

771, 2

P-120

2,255 SF

P-110

C-11511,101 SF

2-STORY OFFICE CONDOS 2-STORY OFFICE CONDOS 2-STORY OFFICE CONDOS

F 1

19 -

VILLAGE MARKET BLVD

GARAGE DGARAGE D

GARAGE C

GARAGE C

GARAGE A

VIL

LAGE M

ARKET BLVD SE

OFFICE CONDOS OFFICE CONDOS OFFICE CONDOS

12

3

6 74 58

9

1110

12

1 Wegmans2 Cobb Theatres3 LA Fitness

4 King Pinz5 Smokehouse Live6 Altar’d State

7 Charming Charlie8 Ulta9 Orvis

10 Firebirds11 Travina 12 Plow & Hearth

Office Condos

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Over 100,000 SF of New Retail

7

Shop.

Afis Jewelers Comfort One ShoesCutthroat YarnGNCJ Morris FlowersPremier Promotional

ProductsSpokes EtcUnder the Olive TreeAltar’d StateArts in the Village

GalleryBead Artist EmporiumCharming CharlieCraftyStitchesFrilly FrocksOrvisPlow & HearthPotomac River

RunningSleepy’sThe Art StationUltaWhite & Ivory

Fine Jewelry

Live. Banfield Pet HospitalEuropean WaxEye Level LearningHair CutteryMontessori Kids

UniverseSweet & SassySwim KidsThe JointAdvanced Dental AT&TCrystal Brite CleanersElite Martial ArtsG5 SalonKatie’s Nails & SpaLA FitnessLeisure FitnessMassage EnvyNeibauer Dental CareSalon MontageSprintVerizon WirelessVisionworks

Wells Fargo Bank

Dine.

Bean BarBello Pronzo PizzaBon Chon ChickenPlaza AztecaRita’s Italian Ice Shanghai Station

Dumpling & Noodle BarTen Spot Tap & KitchenBurgerFiCupcakes ActuallyEggspectationFirebirdsFlame KabobNoodles & CompanyTravinia Italian KitchenWegmans

Enjoy.Glow GolfSmokehouse LiveArt StationCobb TheatresKing Pinz & High

Rollers Lounge

NEWRETAILERS

2014/15 BEST OF LOUDOUNACCOLADES

Page 12: OFFICE CONDO OPPORTUNITY Loudoun County, Virginiavillageatleesburg.com/wp-content/uploads/2015/06/VAL_Condo_Kit... · Village 12 Cinemas, King Pinz 18-lane bowling alley, LA Fitness,

Tremendous Growth Area

ArcadiaTownhomes

Leegate

Housing Developments Mixed-Use Centers

Crosstrail Blvd Extension

TuscaroraCrossing

▌ Tuscarora Crossing (496 Residential 100k SF Commercial)▌ Arcadia Development (166 Townhomes)▌ Leegate (512k SF Office, 200k SF Retail, 475 Residential)▌ Lowes Development (120k SF Lowes and Retail Pad Sites)▌ Hamblet Development (20 Single Family Homes)▌ Goosecreek Development (125 Townhomes, 33 Single Family Homes,

100k SF Commercial, 36k SF Office, 6k SF Restaurant)

Russell Bra

nch

Pkwy Extension

GoosecreekDevelopment

Future

Park &Ride

Leesburg Pike

78k Cars Per Day

HambletHomes

DowntownLeesburg

Page 13: OFFICE CONDO OPPORTUNITY Loudoun County, Virginiavillageatleesburg.com/wp-content/uploads/2015/06/VAL_Condo_Kit... · Village 12 Cinemas, King Pinz 18-lane bowling alley, LA Fitness,

Signature Annual Events▌ 5K and VAL Games▌ Artful August Show & Festival▌ Classic Car Show & Concert▌ Monster Mash▌ Summer Block Party▌ Tree Lighting Ceremony & Holidays at the Village▌ Wine Walk▌ Winter IceFest

Over 35,000 followers through Facebook, Twitter, Instagram and Email Campaigns

Holiday Musical Tree!Monumental 52 ft. tree with more than 15,000 dazzling lights, amazing music and daily light shows.

Ongoing Events ▌ VAL’s Pals▌ Stroller Strides▌ Red Cross Blood Drives▌ Summer Outdoor Movies & Concerts▌ Fun Runs▌ Daily Bubble Shows

Page 14: OFFICE CONDO OPPORTUNITY Loudoun County, Virginiavillageatleesburg.com/wp-content/uploads/2015/06/VAL_Condo_Kit... · Village 12 Cinemas, King Pinz 18-lane bowling alley, LA Fitness,

Property Enhancements Designed for Convenience and Comfort Recently Completed Enhancements▌ Additional Place-making

Seating▌ Center-wide Free Wi-Fi

and Music▌ Festive Banners and Hanging

Baskets▌ Garage LED Retrofit▌ Lush Landscaping and New

Planters▌ Warm Boulevard Tree Lighting▌ Exclusive commercial-grade

“Bubble Drop” machines for daily children’s shows

▌Children’s rubberized climbing and play area▌ Central Community Space▌ Fire Pit & Fountain Court▌ Iconic 30’ Kinetic Sculptures▌ Interactive Pop Up

Water Fountain▌ Dog Park▌ Additional restaurant patio

seating with garage style roll-up doors or nano walls

Page 15: OFFICE CONDO OPPORTUNITY Loudoun County, Virginiavillageatleesburg.com/wp-content/uploads/2015/06/VAL_Condo_Kit... · Village 12 Cinemas, King Pinz 18-lane bowling alley, LA Fitness,

FLOOR PLANS1503 Dodona Terrace

1507 Dodona Terrace

Option 1

Option 2

Option 3

Page 16: OFFICE CONDO OPPORTUNITY Loudoun County, Virginiavillageatleesburg.com/wp-content/uploads/2015/06/VAL_Condo_Kit... · Village 12 Cinemas, King Pinz 18-lane bowling alley, LA Fitness,

1503 DODONA TERRACE LEESBURG, VIRGINIA 20175

Patty I. Brown CCIM

[email protected]

Charlotte Strain CRX, CSM, CPM®, RPA, CCIM

Senior Vice President; Asset [email protected] | 571.382.1256

Office Condo Leasing

Property Management | Asset Management