12 Chatham Heights Rd - Medical FOR SALE


Fredericksburg, VA 22405
$8,500,000 USD
717-514-6390
12 Chatham Heights Rd, Fredericksburg, VA for Sale
$8,500,000 USD
Medical - FOR SALE
1/26
null | 7.56% Cap Rate

12 Chatham Heights Rd
Fredericksburg, VA 22405


OVERVIEW

Zeustra Healthcare Real Estate Advisors, in conjunction with Johnson Realty Advisors, is pleased to exclusively present the opportunity to acquire a Multi-Tenant Medical Office Building located at 12 Chatham Heights Road, Fredericksburg, VA (the “Property”). The Property consists of two condominium units totaling 17,289 square feet, offering investors 100% ownership of the association. The Property is secured by two long-term absolute net leases, featuring 3% annual rent escalations, offering investors stable income with strong rental growth. Both tenants are responsible for their association dues and assessments, including a 5% management fee, ensuring a low-maintenance investment with zero landlord responsibilities. The building is well-maintained, making it an attractive opportunity in the highly sought-after Northern Virginia market. The strong tenant mix is anchored by SIEHT, A Falkenberg Eye & Laser Center, owned by Vision Innovation Partners. Vision Innovation Partners operates 56 locations and is partnered with Gryphon Investors, a private equity firm based in San Francisco, CA.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$304 USD /SF

CAP RATE

7.56%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

2.28 AC

LAND SF

99,317 SF

ZONING

B2

APN/PARCEL ID

54XX-10100

ASK ABOUT THIS PROPERTY

Nick MyersZeustra Real Estate Investment ServicesMore Info
717-514-6390

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Nick MyersZeustra Real Estate Investment ServicesMore Info
717-514-6390

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.