Transwestern today announces it has been retained to sell 5500 Cherokee Ave., a 57,304-square-foot office building in Alexandria, Virginia. Transwestern’s Mid-Atlantic Capital Markets Group is handling the listing on behalf of an undisclosed seller via the RealINSIGHT Marketplace website.
The property is 80 percent leased to five tenants, providing secure, in-place cash flow and upside through the lease-up of the vacant suites and future rent growth. The property has been well-maintained and most vacant suites are in turn-key condition.
Located near the intersection of Interstates 395, 495 and 95, known locally as the “mixing bowl,” the property offers easy car access. Additionally, its position between the Pentagon and Fort Belvoir make it ideally suited for defense contractors, which will benefit from the proposed increases in U.S. defense spending.
For more information on this property, view the listing here.
ABOUT REALINSIGHT MARKETPLACE
RealINSIGHT Marketplace is a nationwide online commercial real estate sales platform powered by RealINSIGHT. Launched in 2017, Marketplace offers properties and loans secured by commercial real estate, across all asset types and classes.
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Mid-Atlantic region, follow @TranswesternDC.