10505 Judicial Dr Fairfax, VA 22030

The Judicial Center Office Building, situated on 0.98 acres of land at 10505 Judicial Drive in Fairfax, Virginia, is available for sale. This 34,356 square foot office building is currently 85% leased to 10 tenants, with an average lease term of 4.5 years and an average in-place rent of $26 per square foot. The property offers a value-add opportunity, trading substantially below replacement cost, and provides a strong in-place yield with potential upside. An owner-user can leverage the existing tenancy to offset occupancy costs, with additional upside possible through leasing vacant suites and future rent growth. The building benefits from a history of proactive maintenance, with most vacant suites in near turn-key condition, limiting future capital needs. Located in the geographic center of Fairfax County, Virginia, near the intersection of I-66 and Route 50, the property is adjacent to the Fairfax County Courthouse and close to the Fairfax County Governmental Center, George Mason University, and Fairfax City Hall. It is also near the 1,565,000 square foot Fair Oaks Regional Mall and Inova Fair Oaks Hospital, within a mature 14 million square foot office submarket comprising Fairfax Center, Oakton, and Fairfax City. This property presents an opportunity to invest in a stable, cash-flowing, readily financeable asset below replacement value, positioned to benefit from rising rents in the tightening Northern Virginia office market during economic recovery.