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Benzinga
Benzinga
Business
Eric McConnell

Target IRR Of 15% On Washington, D.C., Metro Commercial Real Estate Offering

The RealtyMogul online investment platform has a new offering. The office building at 2300 Ninth St. in Arlington, Virginia, is a value-add property in a well-known Washington, D.C., suburb that is popular for its easy access to the city and northern Virginia tech center. The building is just 1.5 miles away from Amazon’s new HQ 2 site. 

In addition to Amazon and a number of other tech companies, Boeing’s (NYSE:BA) aircraft will open an office in Arlington to house its own tech center. All of this points to strong demand for high-quality office space in Arlington. Rounding out the picture is the proximity to some of Northern Virginia’s most popular residential neighborhoods, many of which are only minutes away from the Ninth Street offering. 

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