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2235 Cedar Ln - Cedar Medical Building 2,500 SF Medical Condo Unit Offered at $1,242,333 CAD in Vienna, VA 22182



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.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | No. Parking Spaces | 30 |
| Cap Rate | 7.62% | Sale Conditions | 1031 Exchange, Lease Option |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.62% |
| No. Parking Spaces | 30 |
| Sale Conditions | 1031 Exchange, Lease Option |
| 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
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
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Sleep Disorder Centers of Mid-Atlantic |
2,050 SF
|
January 2027
|
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2235 Cedar Ln - Cedar Medical Building
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