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Investment Highlights

  • Cap rate close to 8%
  • Prime location
  • Fully occupied building
  • Great floor plan with bathrooms, laundry room, and sinks.
  • Plenty of parkings

Executive Summary

This 2,500 square foot medical office presents a prime opportunity for businesses in search of a strategic and accessible location, Or investors seeking great returns. Currently configured as a sleep study center, The unit includes a welcoming waiting room, a receptionist area, three private offices, a lab/technician room with a sink, a kitchen with a sink, a laundry closet with hookups, and three bedrooms, each with its own en-suite full bathroom. With windows on three sides, the space is bright and airy, complemented by a sprinkler system, beautiful wood and tile flooring. The brick building features secure access, an elevator, bathrooms on each level, and ample parking. Condo fee covers Electricity, Water/Sewer, Gas, Heating and AC in addition to common area maintenance, building insurance etc. Located just minutes from Metro stations, Tysons Corner, Fairfax Hospital, and I-495, it offers easy access for clients and employees alike. With a vibrant community and excellent amenities, along with close proximity to Washington D.C., this location is an attractive proposition for businesses of all sizes. The surrounding area boasts a variety of retail, dining, and recreational options, further enhancing the appeal of this office space. Whether you are looking to establish a new presence or expand your current operations, this location offers a valuable opportunity. The lease extends until January 2027 with a return over 7% based on a $950K sales price. The office can continue to operate as a sleep study center, or it can be transformed into a dental practice, spa, or any other professional office use.

Attachments

CedarLn_Plat

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit 201
  • 2,500 SF
  • Medical
  • $1,242,333 CAD ($496.93 CAD/SF)
  • $94,679.58 CAD
Sale Type Investment or Owner User
Cap Rate 7.62%
No. Parking Spaces 30
Sale Conditions 1031 Exchange, Lease Option
Description
This 2,500 square foot medical office presents a prime opportunity for businesses in search of a strategic and accessible location, Or investors seeking great returns. Currently configured as a sleep study center, The unit includes a welcoming waiting room, a receptionist area, three private offices, a lab/technician room with a sink, a kitchen with a sink, a laundry closet with hookups, and three bedrooms, each with its own en-suite full bathroom. With windows on three sides, the space is bright and airy, complemented by a sprinkler system, beautiful wood and tile flooring. The brick building features secure access, an elevator, bathrooms on each level, and ample parking. Condo fee covers Electricity, Water/Sewer, Gas, Heating and AC in addition to common area maintenance, building insurance etc. Located just minutes from Metro stations, Tysons Corner, Fairfax Hospital, and I-495, it offers easy access for clients and employees alike. With a vibrant community and excellent amenities, along with close proximity to Washington D.C., this location is an attractive proposition for businesses of all sizes. The surrounding area boasts a variety of retail, dining, and recreational options, further enhancing the appeal of this office space. Whether you are looking to establish a new presence or expand your current operations, this location offers a valuable opportunity. The lease extends until January 2027 with a return over 7% based on a $950K sales price. The office can continue to operate as a sleep study center, or it can be transformed into a dental practice, spa, or any other professional office use.
Sale Notes
Current Lease expires Jan 2027
Unit Unit Size Condo Use Price NOI
Unit 201 2,500 SF Medical $1,242,333 CAD ($496.93 CAD/SF) $94,679.58 CAD

Unit 201

Unit Size
2,500 SF
Condo Use
Medical
Price
$1,242,333 CAD ($496.93 CAD/SF)
NOI
$94,679.58 CAD

Unit 201

Unit Size 2,500 SF
Condo Use Medical
Price $1,242,333 CAD ($496.93 CAD/SF)
NOI $94,679.58 CAD
Sale Type Investment or Owner User
Cap Rate 7.62%
No. Parking Spaces 30
Sale Conditions 1031 Exchange, Lease Option
Description
This 2,500 square foot medical office presents a prime opportunity for businesses in search of a strategic and accessible location, Or investors seeking great returns. Currently configured as a sleep study center, The unit includes a welcoming waiting room, a receptionist area, three private offices, a lab/technician room with a sink, a kitchen with a sink, a laundry closet with hookups, and three bedrooms, each with its own en-suite full bathroom. With windows on three sides, the space is bright and airy, complemented by a sprinkler system, beautiful wood and tile flooring. The brick building features secure access, an elevator, bathrooms on each level, and ample parking. Condo fee covers Electricity, Water/Sewer, Gas, Heating and AC in addition to common area maintenance, building insurance etc. Located just minutes from Metro stations, Tysons Corner, Fairfax Hospital, and I-495, it offers easy access for clients and employees alike. With a vibrant community and excellent amenities, along with close proximity to Washington D.C., this location is an attractive proposition for businesses of all sizes. The surrounding area boasts a variety of retail, dining, and recreational options, further enhancing the appeal of this office space. Whether you are looking to establish a new presence or expand your current operations, this location offers a valuable opportunity. The lease extends until January 2027 with a return over 7% based on a $950K sales price. The office can continue to operate as a sleep study center, or it can be transformed into a dental practice, spa, or any other professional office use.
Sale Notes
Current Lease expires Jan 2027

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 15,000 SF
Property Type Office (Condo)
Property Subtype
Medical
  • Flex Showroom
  • OfficeLoft Creative Space
  • General Retail Health Club
Building Class B
Floors 3
Typical Floor Size 5,000 SF
Year Built 1983
Lot Size 0.67 AC
Parking Ratio 3.67/1,000 SF
Zoning C-6, County - Light Retail Commercial

Amenities

  • 24 Hour Access
  • Bus Line
  • Controlled Access
  • Commuter Rail
  • Metro/Subway
  • Kitchen
  • Central Heating
  • Demised WC facilities
  • Natural Light
  • Partitioned Offices
  • Drop Ceiling
  • Hardwood Floors
  • Outdoor Seating
  • Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100

Major Tenant Information

TENANT SF Occupied LEASE END DATE
Sleep Disorder Centers of Mid-Atlantic 2,050 SF January 2027
  • Listing ID: 33253970

  • Date on Market: 2024-09-20

  • Last Updated:

  • Address: 2235 Cedar Ln, Vienna, VA 22182

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