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Grovedale Investment Portfolio 2 Office Properties Offered at $15,201,569 CAD in Franconia, VA
INVESTMENT HIGHLIGHTS
- Total Building Area: ±36,341 SF across two buildings
- Total Lot Size: ±2.78 acres
- Cap Rate: 7.25% based on in-place income
- Combined NOI: $789,135
- Total Units: 12 tenant suites across both buildings
- Zoning: C-2 – Medical/Dental/Professional Office
EXECUTIVE SUMMARY
Serafin Real Estate proudly presents the opportunity to acquire a two-building medical and professional office portfolio located within the Grovedale Executive Office Park in Alexandria, VA. Totaling 36,341 SF across two Class B buildings, the portfolio is anchored by long-term tenants including New Story Schools, Heartland Dental, Prism Vision Group, and Crescent Counseling. Together, the properties offer a stabilized income stream with a weighted average occupancy of 96% and a combined NOI exceeding $789,000.
Positioned just minutes from I-95, the Capital Beltway, and the Springfield Metro, this portfolio benefits from exceptional accessibility and strong tenant demand within the DC Metro’s Franconia-Springfield submarket. Both assets are zoned C-2, offering future flexibility for medical, professional, and service-based tenancy. With high visibility, ample parking, and a strong demographic profile in Alexandria’s 22310 zip code, this is a rare opportunity for investors to acquire scale in a highly resilient and supply-constrained office market.
Positioned just minutes from I-95, the Capital Beltway, and the Springfield Metro, this portfolio benefits from exceptional accessibility and strong tenant demand within the DC Metro’s Franconia-Springfield submarket. Both assets are zoned C-2, offering future flexibility for medical, professional, and service-based tenancy. With high visibility, ample parking, and a strong demographic profile in Alexandria’s 22310 zip code, this is a rare opportunity for investors to acquire scale in a highly resilient and supply-constrained office market.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL (CAD) |
|---|---|
| Gross Rental Income |
$1,481,927
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$1,481,927
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$380,358
|
| Net Operating Income |
$1,101,569
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,481,927 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,481,927 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $380,358 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,101,569 |
PROPERTY FACTS
| Price | $15,201,569 CAD | Number of Properties | 2 |
| Price / SF | $418.30 CAD / SF | Individually For Sale | 2 |
| Cap Rate | 7.25% | Total Building Size | 36,341 SF |
| Sale Type | Investment | Total Land Area | 2.78 AC |
| Status | Active |
| Price | $15,201,569 CAD |
| Price / SF | $418.30 CAD / SF |
| Cap Rate | 7.25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 36,341 SF |
| Total Land Area | 2.78 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Courtyards North
6400 Grovedale Dr, Franconia, VA 22310 |
Office | 18,491 SF | 2001 | $7,258,784 CAD |
|
Courtyards South
6408 Grovedale Dr, Franconia, VA 22310 |
Office | 17,850 SF | 2002 | $8,480,214 CAD |
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Grovedale Investment Portfolio
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