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DULLES, VA-One of the five buildings in the 140,000-sf Cascades Business Center flex/warehouse and condominium development has been sold in a $3.1-million deal. Dulles Marketing & Services LLC acquired the 41,800-sf flex structure from developer Buchanan Partners.

Located on Marie’s Road near the Washingotn Dulles International Airport the structure is less than one-year-old and is leased in its entirety to indoor entertainment company Allsports Grand Prix. The popular 10-acre park sits just behind Loudoun Tech Center and is home to other tenants such as indoor rock climbing facility, software developer Inline Corporation and Italian furniture and home systems distributor DAR International Furniture.

“Despite double-digit office vacancy rates in some of the surrounding areas, Cascades has been tremendously successful because business owners and small investors have been able to take advantage of low interest rates to purchase their properties,” Buchanan principal Robert E. Buchanan explains. “Business owners can secure low, fixed occupancy costs, while investors enjoy a secure income stream and the ability to subdivide their buildings in the future.”

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