Grovedale Executive Office Park - Building A

Highlights

• Stable Income Asset: Located in a dense Alexandria submarket with long-term demand for service-based uses, supporting consistent performance.
• Established Tenant Base: Anchored by The New Story School and Crescent Counseling, both providing essential educational and behavioral-health services with steady occupancy.
• Strong Lease Durability: Renewal options and long-term tenancy contribute to predictable cash flow and overall stability.
• Flexible C-2 Zoning: Broad commercial and institutional uses allowed, keeping the property attractive to a wide range of operators.
• High-Density, Accessible Location: Proximity to major transportation corridors enhances tenant desirability and long-term viability.
• Low-Volatility Investment: 100% occupancy and a 7.38% cap rate create a reliable, resilient investment profile in Northern Virginia.

Description

6400 Grovedale Drive is a stable, income-producing asset in a dense and highly sought-after pocket of Alexandria. The property is anchored by two strong, mission-driven tenants—The New Story School and Crescent Counseling—both delivering essential educational and behavioral-health services with steady demand and long-term relevance in the market. Their presence contributes to consistent occupancy and reliable cash flow.

The site is zoned C-2, allowing a wide range of commercial, institutional, and service-oriented uses that continue to draw operators seeking accessible, well-located space. This zoning flexibility, paired with the area’s strong population density, supports ongoing tenant stability and low vacancy risk.

For investors seeking dependable returns and alignment with growing service-based industries, 6400 Grovedale Drive offers a compelling, low-volatility opportunity in one of Northern Virginia’s most resilient submarkets.

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.

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