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The Lee Building

Off-Market

5881 Leesburg Pike, Falls Church, VA 22041

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  • Property Type Office - General Office
  • Property Size 28,000 Sqft
  • Lot Size 0.68 Acre
  • Parking Spaces Avail. 112
  • Parking Ratio 4.00/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1966

Location

  • City Falls Church, VA
  • Neighborhood Bailey's Crossroads
  • Zip Code 22041
  • Market Washington DC Suburban Maryland

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 02 Jun, 2016
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Falls Church

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 Falls Church Office Market

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

  • 2020 Avg. Asking Rent $30.49
  • 2020 Office Vacancy Rate 21.04 %
  • 2020 Office Completions (Sqft)

Falls Church Office Sales Trends

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

  • 2020 Avg. Price per Sqft $203.21
  • 2020 Office Sales Volume $509.6M
  • 2020 Number of Transactions 5
View more Falls Church market trends

Tax

  • Property Tax in 2021 $41,611
  • Market Value $3,151,160
  • Assessed Value $3,151,160

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

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