99 Canal Center Plz

Transwestern is pleased to present the opportunity to acquire the leasehold interest in 99 Canal Center, a premier Class A waterfront office asset located in Alexandria, Virginia. Comprised of 150,186 square feet, 99 Canal Center offers panoramic views of the Potomac River and the Washington, DC skyline, establishing it as a flagship office property within Old Town. This offering represents a rare opportunity to own a portion of the limited 4% of privately held waterfront office space within Alexandria’s 20 million-square-foot office market.

Due to a loan default, occupancy at the property has fallen to 49% with 2.9 years of WALT, providing investors with optionality to continue operating as office or converting to residential.

Additionally, 99 Canal Center stands to benefit from the continued evolution of Old Town Alexandria, where ongoing mixed-use redevelopment is transforming the area into a vibrant, walkable live-work-play environment with sustained demand drivers.

• Property Type : Office
• Class : A
• Listing Size : 152,210
• Year Built : 1987
• Stories : 6
• Typical Floor Size : 24,948
• Elevators : 4