KLNB, a real estate firm, has successfully negotiated a three-year triple net lease for a flex warehouse property located at 831 Follin Lane SE in Vienna, Virginia. The deal was facilitated by KLNB Senior Vice Presidents Todd McManus and Jesse Martin on behalf of the owner. The lease covers the entire building and is with an undisclosed government contractor. It includes multiple renewal options within its terms.
The one-story building spans 35,000 square feet and generated significant interest from over six potential offers. After careful evaluation, the landlord chose to enter into an agreement with the government contractor due to their strong credit rating.
According to Martin, “In this market, we received several promising inquiries from potential tenants.” He further explained that they presented each option to the landlord and provided guidance on their respective pros and cons before ultimately selecting a government contractor as it ensures consistent rent payments and long-term occupancy prospects.
Photo credit: KLNB
