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PRICE $27,500,000 SIZE 213,364 sqft LOT SIZE 8.53 ac Request More Info Schedule a Showing

RealMarkets, a CENTURY 21 Commercial New Millennium team, is pleased to present the exclusive opportunity to acquire Fifty West Corporate Center (the "Property"), a 203,440-square-foot, five-story Class A office building positioned on an 8.53-acre site at 3975 Fair Ridge Drive in Fairfax, Virginia. Originally developed in 1990 and recently renovated, the Property offers institutional-quality construction, efficient ± 40,688-square-foot floor plates, and a deep, amenity-rich environment that today's office users increasingly require to attract and retain talent. Offered at $27,500,000 "” approximately $135 per rentable square foot "” the Property delivers an attractive 12.05% going-in cap rate on underwritten net operating income of approximately $3,312,533. At 79.5% leased across a well-diversified rent roll, the asset combines strong in-place cash flow with a clearly defined value-add path: the lease-up of 41,791 square feet of available space, configured across nine demisable suites well suited to today's faster-absorbing, smaller-footprint tenant demand. Strategically located with quick access to Interstate 66 and the Fairfax County Parkway "” adjacent to Fair Oaks Mall and convenient to Washington Dulles International Airport "” the Property sits within one of the Washington, D.C. metro's most established suburban office nodes, benefiting from a 560-space covered-and-surface parking package and an affluent, highly educated surrounding demographic base. Investment Highlights â–ª Attractive 12.05% Going-In Cap Rate: Underwritten NOI of approximately $3,312,533 on a $27,500,000 asking price (± $135 / RSF) delivers a double-digit going-in yield that is rare for well-located Class A product in Northern Virginia. â–ª Strong In-Place Cash Flow with Lease-Up Upside: At 79.5% leased, the Property generates durable current income today while preserving meaningful upside through the lease-up of 41,791 square feet of available space. â–ª Proven Income & NOI Growth: Total income grew 14.6% from 2023 to 2025, while net operating income increased 30.7% over the same period "” clear evidence of the asset's operating momentum and the value created through active management. â–ª Well-Diversified Tenant Base: Income is spread across 23 traditional office tenants plus 33 companies within the on-site flexible-office suites "” broad diversification that reduces tenant concentration risk and enhances long-term stability. â–ª Demisable Space Positioned for Faster Absorption: The available space is configured across nine separate suites, many of which can be demised into smaller blocks "” well aligned with current demand, where smaller footprints are leasing materially faster than large contiguous blocks. â–ª Recently Renovated Class A Asset: A 203,440-SF, five-story building of durable 1990 construction, recently renovated with state-of-the-art amenities, offering the floor-plate efficiency and quality that drive tenant demand. â–ª Desirable Parking Package: 560 total spaces "” including a 400-space covered garage plus 160 surface spaces at 3.60 / 1,000 SF "” a decisive advantage for auto-commuting suburban tenants. â–ª Premier Fair Oaks Location: Quick access to I-66 and the Fairfax County Parkway, adjacent to Fair Oaks Mall (160+ stores and restaurants) and convenient to Washington Dulles International Airport. â–ª Durable Northern Virginia Fundamentals: Anchored by federal government, defense, technology, and the world's largest concentration of data-center activity, the regional economy provides a deep and diversified base of office-using employment.