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Note
7.0% Cap Rate with Brand New 10 Year Lease
Listing was updated at: 10/17/2018
Property Overview
Price/Rent PSF $ 1,650,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available 5,571
Date Available 10/17/2018
Additional URL Link
Parking 11
Floors 5
Additional parameters Show
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Description

Location
Located in the Old Town area of Alexandria, this first floor ADA accessible unit with the front of the building exposure will be an excellent location for your business or potential investment opportunity. It is only 10± minutes to the 395 and 495 commuter routes for easy access by employees and customers from around the metro VA/ DC region. Walking distance to local restaurants and retail establishments, as well as local hotels for your visiting clients.

Sale
K & M Commercial Real Estate, as the exclusive representative for the Owner, is pleased to present this opportunity to Purchase this property which consists of a first floor 5,571± gross square foot office condominium most recently used and built out as a commercial print shop and dentist office. The building was initially built in 1982 and was converted to office condo use in 2006. The unit currently consists of a 2,632 sq/ft and 1,954 sq/ft partitioned unit. Restrooms are located in a common area hallway, which is shared with other units. Also, unit owner/occupant has access to an onsite fitness center with shower rooms and lockers, all located on the first floor. The interior is finished with drywall walls and acoustical tile ceilings at 10 to 12 feet height. The majority of the unit is painted concrete floors, and the offices are carpeted. The unit is heated and cooled by electric a VAV Heat Pump rooftop units and duct heaters. All space is fire sprinkler equipped as well. The exterior is primarily tinted glass and masonry. There are 11 underground parking spaces available with ample on-street parking within walking distance.

Location

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