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9420 Forestwood Ln - Building 2 9,981 SF Office/Medical Condo Unit Offered at $3,768,579 CAD in Manassas, VA 20110
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- Offering Memorandum
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 5.37% |
| Sale Type | Investment |
| Cap Rate | 5.37% |
Description
Full first floor, units 100, 103, 104, & 105
Sale Notes
Four first-floor office condos totaling 9,981 SF (full floor minus common area lobby) leased to DaVita Dialysis on a NNN basis. This nationally recognized medical tenant has occupied the space since 2015 and recently exercised the first of three 5-year renewal options, extending their lease through 5/31/2030. The current monthly rent is $12,077.01, reflecting a 10% escalation per the lease terms. Annual net operating income is $144,924, resulting in a 5.37% cap rate. An excellent opportunity to acquire a stable, long-term healthcare investment.
Located just off Sudley Rd. in established office park. Less than three quarters of a mile from Novant UVA Prince William Medical Center and just 1.5 miles from the PWC Courthouse. Less than 2 miles to Old Town Manassas shops & restaurants! This property is located within a qualified Opportunity Zone!
Located just off Sudley Rd. in established office park. Less than three quarters of a mile from Novant UVA Prince William Medical Center and just 1.5 miles from the PWC Courthouse. Less than 2 miles to Old Town Manassas shops & restaurants! This property is located within a qualified Opportunity Zone!
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 100 | 9,981 SF | Office/Medical | $3,768,579 CAD ($377.58 CAD/SF) | $202,280.56 CAD |
Unit 100
| Unit Size |
| 9,981 SF |
| Condo Use |
| Office/Medical |
| Price |
| $3,768,579 CAD ($377.58 CAD/SF) |
| NOI |
| $202,280.56 CAD |
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Unit 100
| Unit Size | 9,981 SF |
| Condo Use | Office/Medical |
| Price | $3,768,579 CAD ($377.58 CAD/SF) |
| NOI | $202,280.56 CAD |
| Sale Type | Investment |
| Cap Rate | 5.37% |
| Description | |
| Full first floor, units 100, 103, 104, & 105</li></ul> | |
| Sale Notes | |
| Four first-floor office condos totaling 9,981 SF (full floor minus common area lobby) leased to DaVita Dialysis on a NNN basis. This nationally recognized medical tenant has occupied the space since 2015 and recently exercised the first of three 5-year renewal options, extending their lease through 5/31/2030. The current monthly rent is $12,077.01, reflecting a 10% escalation per the lease terms. Annual net operating income is $144,924, resulting in a 5.37% cap rate. An excellent opportunity to acquire a stable, long-term healthcare investment.<br> <br> Located just off Sudley Rd. in established office park. Less than three quarters of a mile from Novant UVA Prince William Medical Center and just 1.5 miles from the PWC Courthouse. Less than 2 miles to Old Town Manassas shops & restaurants! This property is located within a qualified Opportunity Zone!</li></ul> |
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 | 19,962 SF | Typical Floor Size | 12,000 SF |
| Property Type | Office (Condo) | Year Built | 2005 |
| Property Subtype | Medical | Lot Size | 3.05 AC |
| Building Class | B | Parking Ratio | 3.54/1,000 SF |
| Floors | 2 | Opportunity Zone |
Yes
|
| Zoning | B-1 - General Business | ||
| Total Building Size | 19,962 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 12,000 SF |
| Year Built | 2005 |
| Lot Size | 3.05 AC |
| Parking Ratio | 3.54/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | B-1 - General Business |
Amenities
- Air Conditioning
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
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Matterport 3D Exterior
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Photos
Street View
Street
Map
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9420 Forestwood Ln - Building 2
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