10700 Parkridge

Reston, VA
The asset was acquired in August of 2022 from an institutional owner in a end of fund life sale. The asset is located at the easternmost exit along the Dulles Toll Road, offering unmatched driving access throughout the region.

  • The asset is situated on 7.64 acres of land in the Parkridge Business Park off the Dulles Toll Road in Reston, Va.
  • Purchase price approximately sixty percent below last trade and approaching land value.
  • Certainty of close allowed SIP to be the winning bidder without being the highest bidder.
  • Low basis allows for multiple exit strategies including, re-development to self storage, conversion to medical office, as well as data center development all of which are permitted by zoning.
Building Size

123,676 sf

Acquisition Source


Equity Partner


Acquisition Price

$14.85 M

Exit Price


Redevelopment Assets, Residential Conversion, Reston, VA