2616 SHERWOOD HALL LANE 203 & 204
ALEXANDRIA , VA 22306
MLS#: VAFX2119978
$775,000
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1976
Sq.Footage
N/A
Long-term, income-producing investment opportunity of a medical suite occupied by a successful gastroenterology practice with 20+ year history! The suite offers a modern and professional layout with a reception desk, waiting area, four exam rooms, nurses' station, procedure room, open recovery area, break room, scheduling/IT room, and two restrooms. There is a corner, windowed office for physicians/providers. The property is two connected condos (#203 and #204, total 1,993 SF together) and occupies one corner of the second floor in a well-maintained low-rise medical/dental office building in Alexandria. The building offers amenities such as a glass-door entrance and upscale lobby, elevators, restrooms, and a large parking lot. Other medical tenants in the same building include urology, dermatology, physical therapy, women's health, chiropractic, oral surgery, psychiatry, a pharmacy, primary care, and pediatrics, among others. This medical office building is in a high-traffic area of Hybla Valley, Alexandria with excellent visibility near the INOVA Mt. Vernon Hospital. Immediate income is provided by the current, long-term Triple Net lease with a stable, nationally recognized medical practice. Current rent of $4,718 will adjust to $4,860 on 5/1/23. Priced to sell at 7.5% cap rate. The current lease expires 4/30/29 with an option to extend for 10 more years. Sale offering is for both suites, 203 and 204, only. Sale is of real property only and subject to the existing leasehold interest. Tax values and tax assessments shown are #203 and #204 added together.
Features & Amenities
Interior
-
Other Interior Features
Elevator
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Heating YN
YES
-
Heating
Electric, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Concrete, Glass
-
Parking
Unassigned
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Property Type
Commercial Sale
-
Property Sub Type
Office
Price
-
Sales Price
$775,000
-
Tax Amount
5309.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
FAIRFAX
Elementary School
Middle School
High School
Listing Courtesy of Stephen M Karbelk , CENTURY 21 Commercial New Millennium
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AGENT
Laurie Hailey
Call Laurie today to schedule a private showing.
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