Stanley Martin Industrial LP--relying on the assistance Transwestern Commercial Services' Caulley Deringer and Transwestern Asset Investment Sales Group's Andy Stape, Bob Filley, Joe Friedman and Wes Scott--sold the property after having acquired it in 1986 for approximately $5.8 million. According to Fairfax County records, the property has a current assessed value of approximately $6.6 million.
The facility, 10% of which consists of office space, underwent a $1 million renovation that concluded last year and today it is 100% occupied. Offices of the federal government account for 60% of the tenancy; the US General Services Administration leased about 37,000 sf of space for the FBI in 2003.
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