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Grovedale Investment Portfolio 2 Office Properties Offered at $15,261,405 CAD in Franconia, VA
Investment Highlights
- Total Building Area: ±36,341 SF across two buildings
- Total Lot Size: ±2.78 acres
- Tenant Mix: Long-term national and regional tenants in medical, education, and counseling
- Combined NOI: $848,445
- Total Units: 11 tenant suites across both buildings
- Strong Demographics: Average HH income exceeds $130,000 within a 1-mile radius
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 combined NOI of $848K+.
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 |
$1,451,278
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$1,451,278
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$372,491
|
| Net Operating Income |
$1,078,787
|
Taxes & Operating Expenses (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,451,278 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,451,278 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $372,491 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $1,078,787 |
Property Facts
| Price | $15,261,405 CAD | Number of Properties | 2 |
| Price / SF | $407.29 CAD / SF | Individually For Sale | 2 |
| Cap Rate | 7.60% | Total Building Size | 37,471 SF |
| Sale Type | Investment | Total Land Area | 2.78 AC |
| Status | Active |
| Price | $15,261,405 CAD |
| Price / SF | $407.29 CAD / SF |
| Cap Rate | 7.60% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 37,471 SF |
| Total Land Area | 2.78 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Courtyards South
6408 Grovedale Dr, Franconia, VA 22310 |
Office | 18,980 SF | 2002 | $8,304,829 CAD |
|
Courtyards North
6400 Grovedale Dr, Franconia, VA 22310 |
Office | 18,491 SF | 2001 | $7,518,775 CAD |
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Grovedale Investment Portfolio
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