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The Eye Center Portfolio 2 Office Properties Offered at $9,951,023 CAD in Multiple Locations



EXECUTIVE SUMMARY
Property 1: 8751 Sudley Road in Manassas, VA: This is two-tenants and 100% occupied. Tenants are The Eye Center and Proud Moments ABA.
Property 2: 44135 Woodridge Parkway, Ste 100 in Lansdowne, VA: This is a single tenant medical condo occupied entirely by The Eye Center.
The Offering
Cushman & Wakefield’s Healthcare Capital Markets team is pleased to present a two-property healthcare portfolio investment located in Northern, VA.
Manassas offers a 100% occupied 15,186 SF freestanding medical building with two tenants: The Eye Center and Proud Moments ABA - two mission critical healthcare providers backed by national platforms. This property is a former Truist Bank. The city’s comprehensive plan and permits a variety of alternative uses.
Lansdowne (Leesburg) offers a 100% occupied 7,250 SF single-tenant medical condo opportunity occupied by The Eye Center.
Tenant Overviews
The Eye Center is one of the largest and most trusted ophthalmology practices in the D.C. area, providing exceptional eye care to Northern Virginia communities since 1989. They have joined forces and are now owned by ReFocus Management who delivers expert care through 160+ physicians across 80 locations in 9 states. Refocus Management is owned by Zenith Partners, a large PE group.
Proud Moments ABA is a national provider of Applied Behavior Analysis (ABA) therapy for children and young adults with Autism Spectrum Disorder. Since 2014, they’ve offered personalized care through 1,550+ professionals across 90 locations in 12 states. They are owned by a PE firm, Nautic Partners, who has managed ~$9.5 Billion since its founding in 1986.
PORTFOLIO OFFERING NOTE
Ownership’s preference is to sell the two properties as a package; however, the Manassas property may be sold separately. Both scenarios are currently under consideration.
Property 2: 44135 Woodridge Parkway, Ste 100 in Lansdowne, VA: This is a single tenant medical condo occupied entirely by The Eye Center.
The Offering
Cushman & Wakefield’s Healthcare Capital Markets team is pleased to present a two-property healthcare portfolio investment located in Northern, VA.
Manassas offers a 100% occupied 15,186 SF freestanding medical building with two tenants: The Eye Center and Proud Moments ABA - two mission critical healthcare providers backed by national platforms. This property is a former Truist Bank. The city’s comprehensive plan and permits a variety of alternative uses.
Lansdowne (Leesburg) offers a 100% occupied 7,250 SF single-tenant medical condo opportunity occupied by The Eye Center.
Tenant Overviews
The Eye Center is one of the largest and most trusted ophthalmology practices in the D.C. area, providing exceptional eye care to Northern Virginia communities since 1989. They have joined forces and are now owned by ReFocus Management who delivers expert care through 160+ physicians across 80 locations in 9 states. Refocus Management is owned by Zenith Partners, a large PE group.
Proud Moments ABA is a national provider of Applied Behavior Analysis (ABA) therapy for children and young adults with Autism Spectrum Disorder. Since 2014, they’ve offered personalized care through 1,550+ professionals across 90 locations in 12 states. They are owned by a PE firm, Nautic Partners, who has managed ~$9.5 Billion since its founding in 1986.
PORTFOLIO OFFERING NOTE
Ownership’s preference is to sell the two properties as a package; however, the Manassas property may be sold separately. Both scenarios are currently under consideration.
PROPERTY FACTS
| Price | $9,951,023 CAD | Number of Properties | 2 |
| Price / SF | $339.09 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.75% | Total Building Size | 29,346 SF |
| Sale Type | Investment | Total Land Area | 2.81 AC |
| Status | Active |
| Price | $9,951,023 CAD |
| Price / SF | $339.09 CAD / SF |
| Cap Rate | 7.75% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 29,346 SF |
| Total Land Area | 2.81 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Professional Center at Lansdowne 3
44135 Woodridge Pky, Lansdowne, VA 20176 |
Office | 15,000 SF | 2002 | - |
| 8751 Sudley Rd, Manassas, VA 20110 | Office | 14,346 SF | 1979 | - |
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