Three Flint Hill

Three Flint Hill
After renovation

 

 

Three Flint Hill
At acquisition

Three Flint Hill

NORTHERN VIRGINIA | 180,819 sq. ft.

*purchased while senior management team at First Potomac Realty Trust
 

Property Overview

  • Located in Fairfax, VA near the Vienna Metro station with access to Route 123 and I-66
  • Class A Office Building
  • 180,819 SF / eight-story building (expanded from 165,000 SF)
  • LEED Gold Certified
  • Café, tenant-only fitness center, and green roof terraces
  • Reserved spaces for Hybrid/Fuel-Efficient vehicles

 

Acquisition Details

  • Acquired in April 2010 for $13.6M ($75psf)
  • Building was vacant at acquisition

 

Execution

  • Complete gut renovation totaling $14.5M
  • Stabilized within 24 months of delivery
  • ~$41 M ($200psf) total investment