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2235 Cedar Ln

2,500 SF Medical Condo Unit Offered at $950,000 in Vienna, VA 22182

Investment Highlights

  • Cap rate over 7%
  • 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.

Property Facts

Price $950,000
Unit Size 2,500 SF
No. Units 1
Total Building Size 15,000 SF
Property Type Office (Condo)
Property Subtype
Medical
  • Flex Research & Development
  • Office Industrial Live Work Unit
Sale Type Investment or Owner User
Building Class B
Floors 3
Typical Floor Size 5,000 SF
Year Built 1983
Lot Size 0.67 AC
Parking Ratio 3.67/1,000 SF
Sale Conditions
1031 Exchange
  • Sale Leaseback
  • Lease Option

1 Unit Available

Unit 201

Unit Size 2,500 SF
Price $950,000
Price Per SF $380.00
Condo Use Medical
Sale Type Investment or Owner User
Cap Rate 7.22%
NOI $68,590
No. Parking Spaces 30
Sale Conditions 1031 Exchange, Sale Leaseback, 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

Lease until Jan 2027, Cap rate over 7%

Interior Hallway
2nd floor Hallway unit entrance
Full bathroom 1
full bathroom 2
Bedroom 1

+12 More

full bathroom 3
View Photo Interior Hallway
View Photo 2nd floor Hallway unit entrance
View Photo Full bathroom 1
View Photo full bathroom 2
View Photo Bedroom 1
View Photo full bathroom 3
View Photo bedroom 2
View Photo Lab/Technician room
View Photo Lab with sink
View Photo office 3
View Photo Laundry
View Photo Kitchen with sink
View Photo office 2
View Photo Office 1
View Photo Receptionist Area
View Photo Waiting Room
View Photo Floor Plan

Major Tenant Information

TENANT SF OCCUPIED LEASE END DATE
Sleep Disorder Centers of Mid-Atlantic 2,050 SF December 2026

Amenities

  • 24 Hour Access
  • Bio-Tech/ Lab Space
  • 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

zoning

Zoning Code C-6, County (Light Retail Commercial)
C-6, County (Light Retail Commercial)
  • Listing ID: 33253970

  • Date on Market: 9/20/2024

  • Last Updated:

  • Address: 2235 Cedar Ln, Vienna, VA 22182

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