Receivership Sale: Potomac Riverfront Office | Alexandria, VA | 150,186 SF Class A Office

Starting Bid $500,000

Auctioneer:Lamar P. Fisher

Auctioneer Company: Fisher Auction Company Inc.

Auctioneer License: 2907003627

Auctioneer License 2: Co:2908000783

**Please see the other asset being sold in this Potomac Riverfront Portfolio: 11 Canal

• Value-Add Waterfront Office – Significant Upside: rebrand asset and capitalize on leasing that was deferred due to distress
• Residential Conversion Potential: Residential use is by-right and will command premiums given waterfront location
• Rare Waterfront Location: Directly on the Potomac River, Canal Center is Alexandria's only true waterfront office campus
• 200+ Shops and Restaurants Walkable: Old Town Alexandria's premier amenity base is steps from the property, driving tenant retention
• Exceptional DC Regional Connectivity: King Street Metro (1 mi), Reagan National (3 mi), the Pentagon (5 mi), and downtown DC (6 mi)
• Best-in-Class Asset: Waterfront terraces off each floor, on-site amenities, and minimal future capex required

RealINSIGHT Marketplace, in partnership with Transwestern’s Mid-Atlantic Capital Markets Group, is pleased to present the opportunity to acquire the leasehold interest in 99 Canal Center, a premier Class A waterfront office asset located in Alexandria, Virginia. Comprised of 150,186 square feet, 99 Canal Center offers panoramic views of the Potomac River and the Washington, DC skyline, establishing it as a flagship office property within Old Town. This offering represents a rare opportunity to own a portion of the limited 4% of privately held waterfront office space within Alexandria’s 20 million-square-foot office market.

Due to a loan default, occupancy at the property has fallen to 49% with 2.9 years of WALT, providing investors with optionality to continue operating as office or converting to residential.

Additionally, 99 Canal Center stands to benefit from the continued evolution of Old Town Alexandria, where ongoing mixed-use redevelopment is transforming the area into a vibrant, walkable live-work-play environment with sustained demand drivers.

*Tours Available By Request Wednesday’s between 12-3pm. Please contact listing broker.