Grovedale Executive Office Park - Building B

Highlights:

• - 17,850 SF building with 9 units
• - Modern appeal, built in 2002
• - Zoned C-2 for versatile usage
• - 100% occupancy, reflecting strong tenant demand
• - Well-maintained and attractive exterior
• - Ample parking for tenants and visitors
• - High visibility and accessibility for businesses
• - Modern amenities and infrastructure
• - Potential for further development and expansion
• - Strong potential for sustained returns

Description:

Introducing an exceptional opportunity for office building investors: 6408 Grovedale Drive. This impressive property boasts a 17,850 SF building, designed with modern appeal and featuring 9 units. Built in 2002 and zoned C-2 for versatile usage, it offers a stunning 100% occupancy rate, reflecting strong tenant demand. The property's well-maintained exterior, ample parking, and high visibility make it an attractive option for businesses seeking a prime location in the Washington DC Metro area. With modern amenities, potential for expansion, and a strong track record for sustained returns, this property is an ideal choice for savvy investors seeking a lucrative opportunity.

Economic Overview: Alexandria, VA 22310
Location & Connectivity: Zip code 22310 is strategically located in Fairfax County, within the Washington, D.C. metropolitan area. This submarket benefits from direct access to major transportation arteries, including I-95, I-495 (Capital Beltway), and Route 1, and is just minutes from Reagan National Airport and Downtown D.C. The nearby Springfield-Franconia Metro Station and VRE rail line further enhance connectivity, making it a desirable location for both commuters and businesses.

Key Economic Drivers:
1. Government & Defense: Being part of the D.C. metro, Alexandria 22310 benefits from proximity to several federal agencies and defense contractors. The presence of Fort Belvoir, the U.S. Patent & Trademark Office, and the Pentagon supports a steady stream of government-related employment and vendor activity.

2. Healthcare & Education: The submarket has seen strong growth in medical and professional services. Providers like Inova Health System, Kaiser Permanente, and numerous private practices support consistent commercial demand for medical office space. Nearby higher education institutions also contribute to workforce stability and demand for services.

3. Retail & Consumer Spending: Alexandria 22310 is adjacent to the Kingstowne Towne Center, Springfield Town Center, and other retail corridors that drive local spending. The area's high median household income (approx. $130,000+) and educated population contribute to robust consumer demand, benefiting surrounding businesses.

Demographics & Workforce:
Median Household Income: ~$130,000

Unemployment Rate: Below national average, historically around 2.5–3.5%

Educational Attainment: Over 60% hold a bachelor's degree or higher

Population: Affluent, professional, and diverse—ideal for service-based industries and stable tenancy.

Commercial Real Estate Fundamentals:
Office Market: Submarket maintains strong occupancy, especially in low-rise medical and professional buildings. Cap rates typically range from 6.5%–7.5%, depending on tenant quality and term.

Industrial & Flex Demand: Limited supply and zoning constraints make this sector competitive and desirable for last-mile logistics and service businesses.

Multifamily Growth: Continued demand for rental housing supports long-term mixed-use and infill development opportunities.

Economic Outlook:
Alexandria 22310 continues to benefit from Northern Virginia's diversified economy, driven by tech, defense, health, and education. With stable demographics, high incomes, and strategic location, the area is positioned for continued economic resilience and long-term real estate appreciation.

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