230-238 Airport Rd - Aviation Business Center East

2,917 SF Office Condo Unit Offered at $516,014 in Winchester, VA 22602

EXECUTIVE SUMMARY

Fully lease, single tenant Investment for sale, 2917 SF office, leased by excellent credit tenant, Michael Baker International, through August 2025. Tenant has been in place for three years already. Super clean office space with excellent parking in a well-built business park. 6.8% CAP. Purchase price is $516,014 for Unit B. Ideal 1031 buy and hold investment or end user looking for next year's Q3 occupancy!

PROPERTY FACTS

Price $516,014
Unit Size 2,917 SF
No. Units 1
Total Building Size 45,000 SF
Property Type Flex (Condo)
Sale Type Investment
Building Class A
Floors 2
Typical Floor Size 3,500 SF
Year Built 2007
Lot Size 5.33 AC
Parking Ratio 10/1,000 SF

1 UNIT AVAILABLE

Unit 230-B

Unit Size 2,917 SF
Price $516,014
Price Per SF $176.90
Condo Use Office
Sale Type Investment
Cap Rate 7.00%
NOI $36,120.98
DESCRIPTION

Modern, all brick office condo for sale. Well maintained, fully occupied.

SALE NOTES

Prime investment opportunity. NNN lease in place through 2025.

ZONING

Zoning Code M1
  • Listing ID: 26517563

  • Date on Market: 8/30/2022

  • Last Updated:

  • Address: 230-238 Airport Rd, Winchester, VA 22602