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12900 Federal Systems Park Drive

Off-Market

12900 Federal Systems Park Drive, Fairfax, VA 22033

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  • Property Type Office - General Office
  • Property Size 309,757 Sqft
  • Lot Size 16.89 Acre
  • Parking Spaces Avail. 929
  • Parking Ratio 3.00/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 1991

Location

  • City Fairfax, VA
  • Neighborhood Fair Lakes
  • Zip Code 22033
  • Market Washington DC Suburban Maryland

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 04 Jan, 2005
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Fairfax

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Fairfax Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $28.36
  • 2020 Office Vacancy Rate 18.99 %
  • 2020 Office Completions (Sqft)

Fairfax Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per Sqft $170.09
  • Y-o-Y Avg. PpSF Change 47.15 %
  • 2020 Office Sales Volume $140.3M
  • 2020 Number of Transactions 6
View more Fairfax market trends

Tax

  • Property Tax in 2021 $624,505
  • Market Value $47,728,020
  • Assessed Value $47,728,020

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 12900 Federal Systems Park Drive?

12900 Federal Systems Park Drive totals 309,757 square feet.

When was this property built?

12900 Federal Systems Park Drive was built in 1991.

When was 12900 Federal Systems Park Drive last sold?

12900 Federal Systems Park Drive was last sold on 04 Jan, 2005.

What is the property tax for 12900 Federal Systems Park Drive?

The property tax for 12900 Federal Systems Park Drive in 2021 was $624,505.

What is the market value for 12900 Federal Systems Park Drive?

The market value for 12900 Federal Systems Park Drive in 2021 was $47,728,020.

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