10505 Judicial DrFairfax, VA 22030

This exceptional 34,356 square foot office building in Fairfax, Virginia, presents a compelling value-add investment opportunity. Located on a 0.98-acre lot at 10505 Judicial Drive, this four-story Class B building boasts a stabilized investment profile with an attractive 6.70% cap rate and a pro-forma cap rate of 8.33%. Currently 85% occupied by 11 tenants, primarily attorneys and title companies, with an average lease term of 4.5 years and 3% annual rent bumps, this property offers strong, secure cash flow. The building, constructed in 1980 and renovated in 2014, benefits from a gross lease structure and ample parking (3.25 spaces per 1,000 sq ft). Its prime location adjacent to the Fairfax County Courthouse, near major highways (I-66 and Route 50), and within a thriving office submarket, ensures strong tenant demand and future growth potential. The asking price is $8,300,000, representing a significant discount to replacement cost. The property's proximity to George Mason University, Inova Fair Oaks Hospital, and Fair Oaks Regional Mall further enhances its appeal. With limited future capital needs and a strong history of proactive maintenance, this property is an ideal investment for those seeking a stable, cash-flowing asset with significant upside potential. The property is zoned CO and features a multi-tenant occupancy. The pro-forma NOI is $691,321. This is a 1031 exchange eligible property.