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Dominion Point 381 Elden St
183,885 SF 98% Leased Office Building Herndon, VA 20170 For Sale
Investment Highlights
- Dominion Point is a prominent office located in the affluent Herndon area near a wealth of neighborhood amenities and Reston Town Center.
- Tenants have access to the on-site fitness center featuring state-of-the-art equipment and spa-quality locker rooms, accessible 24/7 for tenants.
- Conveniently located minutes from the Wiehle-Reston Metro Station, Fairfax County Parkway, and the Dulles Toll Road.
- Benefit from the property's strategically central location, recent renovations, and proximity to neighborhood conveniences.
- Recent renovations include a spacious conference room equipped with top-tier audio-visual capabilities and can accommodate up to 115 people.
- Within walking distance to more than 34 retailers, including Safeway, LA Fitness, Panera Bread, Mom's Organic Market, Sprouts, and more.
Executive Summary
Dominion Point delivers an unmatched option for tenants that demand an amenities-rich office environment in a central location. The building can provide a parking ratio of up to 5.2 spaces per 1,000 square feet, accommodating tenants seeking the most efficient space layouts. A variety of office suites, ranging in square footage, are available, including spec suites and a full-floor opportunity, excellent for owners/users or investors seeking upside potential.
Dominion Point sets the standard in environmental efficiency. The project boasts LEED Gold status and was the first office building in Herndon to achieve this prestigious designation. In addition, the building maintains an exceptional Energy Star rating that reflects its commitment to sustainability and provides meaningful cost savings to its tenants. Commuting is a breeze via the nearby Fairfax County Parkway and Dulles Access Road. Dominion Point is within walking distance of more than 34 retail establishments and is convenient to the Wiehle-Reston Metro Station and the Washington and Old Dominion Trail.
Property Facts
Amenities
- Atrium
- Bus Route
- Conferencing Facility
- Fitness Centre
- Property Manager on Site
- Security System
- Signage
- Energy Star Labelled
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Dominion Point sets the standard in environmental efficiency. The project boasts LEED Gold status and was the first office building in Herndon to achieve this prestigious designation. In addition, the building maintains an exceptional energy star rating that reflects its commitment to sustainability and provides meaningful cost savings to its tenants.
Dominion Point sets the standard in environmental efficiency. The project boasts LEED Gold status and was the first office building in Herndon to achieve this prestigious designation. In addition, the building maintains an exceptional energy star rating that reflects its commitment to sustainability and provides meaningful cost savings to its tenants.
Dominion Point sets the standard in environmental efficiency. The project boasts LEED Gold status and was the first office building in Herndon to achieve this prestigious designation. In addition, the building maintains an exceptional energy star rating that reflects its commitment to sustainability and provides meaningful cost savings to its tenants.
High-end spec suite ready for occupancy.
Dominion Point sets the standard in environmental efficiency. The project boasts LEED Gold status and was the first office building in Herndon to achieve this prestigious designation. In addition, the building maintains an exceptional energy star rating that reflects its commitment to sustainability and provides meaningful cost savings to its tenants.
Dominion Point sets the standard in environmental efficiency. The project boasts LEED Gold status and was the first office building in Herndon to achieve this prestigious designation. In addition, the building maintains an exceptional energy star rating that reflects its commitment to sustainability and provides meaningful cost savings to its tenants.
The fourth floor provides space options ranging from 18,097 square feet to a full floor of 47,126 square feet. Dominion Point has plenty to offer, including LEED Gold Status, a brand-new 60+ person conference center, and a state-of-the-art fitness center.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 1100 | 11,357 SF | Office | Full Build-Out | 30 Days |
| 1st Fl-Ste 1125 | 4,539 SF | Office | Full Build-Out | 30 Days |
| 2nd Fl-Ste 2000A | 29,268 SF | Office | Full Build-Out | Mar 2025 |
| 2nd Fl-Ste 2200 | 3,867 SF | Office | Spec Suite | Now |
| 3rd Fl-Ste 3000 | 37,065 SF | Office | Full Build-Out | Mar 2025 |
| 3rd Fl-Ste 3100 | 13,474 SF | Office | Full Build-Out | Jan 2025 |
| 4th Floor | 18,097-50,332 SF | Office | Shell Space | 30 Days |
1st Fl-Ste 1100
| Size |
| 11,357 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl-Ste 1125
| Size |
| 4,539 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 2000A
| Size |
| 29,268 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Mar 2025 |
2nd Fl-Ste 2200
| Size |
| 3,867 SF |
| Space Use |
| Office |
| Condition |
| Spec Suite |
| Available |
| Now |
3rd Fl-Ste 3000
| Size |
| 37,065 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Mar 2025 |
3rd Fl-Ste 3100
| Size |
| 13,474 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Jan 2025 |
4th Floor
| Size |
| 18,097-50,332 SF |
| Space Use |
| Office |
| Condition |
| Shell Space |
| Available |
| 30 Days |
1st Fl-Ste 1100
| Size | 11,357 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Dominion Point sets the standard in environmental efficiency. The project boasts LEED Gold status and was the first office building in Herndon to achieve this prestigious designation. In addition, the building maintains an exceptional energy star rating that reflects its commitment to sustainability and provides meaningful cost savings to its tenants.
1st Fl-Ste 1125
| Size | 4,539 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Dominion Point sets the standard in environmental efficiency. The project boasts LEED Gold status and was the first office building in Herndon to achieve this prestigious designation. In addition, the building maintains an exceptional energy star rating that reflects its commitment to sustainability and provides meaningful cost savings to its tenants.
2nd Fl-Ste 2000A
| Size | 29,268 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Mar 2025 |
Dominion Point sets the standard in environmental efficiency. The project boasts LEED Gold status and was the first office building in Herndon to achieve this prestigious designation. In addition, the building maintains an exceptional energy star rating that reflects its commitment to sustainability and provides meaningful cost savings to its tenants.
2nd Fl-Ste 2200
| Size | 3,867 SF |
| Space Use | Office |
| Condition | Spec Suite |
| Available | Now |
High-end spec suite ready for occupancy.
3rd Fl-Ste 3000
| Size | 37,065 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Mar 2025 |
Dominion Point sets the standard in environmental efficiency. The project boasts LEED Gold status and was the first office building in Herndon to achieve this prestigious designation. In addition, the building maintains an exceptional energy star rating that reflects its commitment to sustainability and provides meaningful cost savings to its tenants.
3rd Fl-Ste 3100
| Size | 13,474 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Jan 2025 |
Dominion Point sets the standard in environmental efficiency. The project boasts LEED Gold status and was the first office building in Herndon to achieve this prestigious designation. In addition, the building maintains an exceptional energy star rating that reflects its commitment to sustainability and provides meaningful cost savings to its tenants.
4th Floor
| Size | 18,097-50,332 SF |
| Space Use | Office |
| Condition | Shell Space |
| Available | 30 Days |
The fourth floor provides space options ranging from 18,097 square feet to a full floor of 47,126 square feet. Dominion Point has plenty to offer, including LEED Gold Status, a brand-new 60+ person conference center, and a state-of-the-art fitness center.
DEMOGRAPHICS
Demographics
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Outback Steakhouse | - | - | 2 min walk |
| Euro Bistro | Bistro | ££ | 3 min walk |
| Duck Donuts | Donuts | - | 3 min walk |
| Paradise Indian Cuisine | Indian | ££ | 3 min walk |
| Cafe Rio | - | - | 3 min walk |
| Mayuri Indian Restaurant | Indian | - | 5 min walk |
| Crust Pizza | Pizza | £ | 5 min walk |
| Starbucks | Cafe | £ | 4 min walk |
| Jimmy John's | Fast Food | £ | 5 min walk |
| Pho 75 | - | - | 5 min walk |
Retail |
||
|---|---|---|
| Palm Beach Tan | Tanning Salon | 4 min walk |
| Virginia ABC Store | Liquor | 5 min walk |
| Truist | Bank | 4 min walk |
| Safeway | Supermarket | 4 min walk |
| Sprouts Farmers Market | Supermarket | 6 min walk |
| LA Fitness | Fitness | 6 min walk |
| VCA Animal Hospitals | Animal Care/Groom | 7 min walk |
| MOM's - My Organic Market | Supermarket | 7 min walk |
| United States Postal Service | Business/Copy/Postal Services | 11 min walk |
| Dogtopia | Animal Care/Groom | 10 min walk |
Hotels |
|
|---|---|
| Comfort Inn |
104 rooms
3 min drive
|
| Hyatt House |
104 rooms
4 min drive
|
| SpringHill Suites |
136 rooms
4 min drive
|
| Hampton by Hilton |
96 rooms
5 min drive
|
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £19,514,754 | |
| Land Assessment | £3,585,413 | Total Assessment | £23,100,167 |
PROPERTY TAXES
About the Architect
Sale Advisors
Sale Advisors
Matt Nicholson, Senior Managing Director
Andrew Weir, Senior Managing Director
Formerly, he was at HFF and joined the firm in 2004 and has more than 20 years of commercial real estate experience. Mr. Weir specializes in the sale, finance and recapitalization of office properties and portfolios in the Washington, DC Metro. Since 2004, he has successfully executed more than 50 sale and recapitalization transactions representing in excess of $10 billion. Mr. Weir has been involved in some of the region’s most significant transactions, including the disposition of the Washington portfolios of CarrAmerica and Equity Office Properties on behalf of the Blackstone Group. Additionally, he oversees the financial analysis and market research support staff for all of the group's transactions. Prior to joining HFF, Mr. Weir was a Vice President with CarrAmerica Realty Corporation.
Mr. Weir is also a founding member of HFF’s Global Capital Team, which is focused on tracking and accessing foreign capital seeking investment opportunities for debt and equity in the U.S. The team, which comprises senior transactional professionals from around the U.S., represents all major HFF platform services, including private equity, investment advisory, debt and equity placement. HFF’s global reach allows the firm to serve
Jim Meisel, Senior Managing Director Co-Head
After starting at HFF in 2007, Jim and the DC investment advisory team completed more than 275 transactions. Prior to HFF, he was an executive director in the Investment Services Group at GVA Advantis. Before that, he was a partner with Morris McNair & Associates, Inc., a boutique brokerage firm specializing in investment sales and tenant advisory services. Prior to that, he was the director of acquisitions for six years with Realty Investment Company, Inc.
David Baker, Senior Director
David started at HFF as an Analyst in November 2012. Before that, he worked at McKee & Schalka Real Estate Appraisers & Consultants in Seattle, Washington, where he valued office, industrial, retail and multi-housing properties throughout the Puget Sound. Throughout the course of his career, David has participated in sale and recapitalization transactions representing more than $3.8 billion.
Kevin Byrd, Director, Capital Markets
properties in the DC Metro and Mid-Atlantic region. He also has experience performing financial and market analysis, preparing offering memorandums, marketing transactions, and facilitating the due diligence process for JLL’s Debt & Equity Placement Team across all property types. Kevin has closed over $2.7 billion in investment activity throughout his career.
Kevin started at HFF as an analyst in 2016. Prior to that, he worked as a financial analyst for the Multifamily CFO at Fannie Mae. While at Fannie Mae, he was responsible for conducting analyses on the profitability and credit risk of loans and securities backed by multifamily real estate assets, including apartment buildings, seniors housing facilities, affordable housing, and student housing developments.
-
Power Broker Matt Nicholson -
Power Broker Andrew Weir -
Power Broker Jim Meisel -
Power Broker David Baker -
Kevin Byrd -
JLL
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Dominion Point | 381 Elden St
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