Apartment Buildings /VA /Alexandria County /Alexandria /1225 Martha Custis Dr
Apartment Buildings /VA /Alexandria County /Alexandria /1225 Martha Custis Dr

1225 Martha Custis Dr - Apartments CONDO FOR SALE


Alexandria, VA 22302 | 
$1,299,000 USD
703-836-6555
1225 Martha Custis Dr, Alexandria, VA for Sale
$1,299,000 USD
Apartments CONDO - FOR SALE
1/4
null | 7.68% Cap Rate
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1225 Martha Custis Dr
Alexandria, VA 22302

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HIGHLIGHTS

  • Fully built out medical suite with quality tenant in place
  • Tenant in place for four year lease started in 2022
  • Lease expiration date March 28, 2026
  • Current tenant does not have option to renew, but is open to discussions
  • Tenant pays utilities and condos fees
  • Landlord pays RE tax

OVERVIEW

Rare investment opportunity of a fully leased medical condo in Alexandria, VA. Tenant is a well established Community Health Center 501(c)(3) organization with 14 other locations in the Northern Virginia area. Ideal investment opportunity or 1031 exchange property.

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$339 USD /SF

CAP RATE

7.68%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parc East

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

354,255 SF

STORIES

15

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

10.4 AC

LAND SF

453,024 SF

ZONING

RB

APN/PARCEL ID

005.02-0B-00

ASK ABOUT THIS PROPERTY

Michael PorterfieldTartan Properties CommercialMore Info
703-836-6555

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Michael PorterfieldTartan Properties CommercialMore Info
703-836-6555

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

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