818 Sophia St Fredericksburg, VA 22401
Historic Office, High Cap Rate, NNN Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 135
Highlights
- 1,839 SF office building in Downtown Fredericksburg, VA.
- Three-story building with six private offices, kitchenette, and private courtyard.
- Excellent street frontage and visibility on Sophia Street.
- 6.79% cap rate, $49,200 NOI, $725,000 asking price ($394.24/SF).
- Net lease (NNN) with a single tenant; seven-year lease (6.6 years remaining) with 3% annual rent increases.
Property Details for 818 Sophia St
- Property type
- Office properties, Office space
- Square Feet
- 1,839 SF
- Buildings
- 1
- Stories
- 3
- Lot Size (sq. ft)
- 3,920 SF
Location Insight
- City
- Fredericksburg
- County
- Stafford
- State
- Virginia
- Latitude
- 38.302915976505
- Longitude
- -77.457898016458
Nearby Similar for Sale
FAQs
- What type of property is this?
- Office property - Historic Office, High Cap Rate, NNN Lease
- Where is the office property located?
- The property is located at 818 Sophia St Fredericksburg, VA.
- What is the asking price?
- The asking price for this property is $725,000.
- What are key features of this property?
- This property features: 1,839 SF office building in Downtown Fredericksburg, VA.; Three-story building with six private offices, kitchenette, and private courtyard.; Excellent street frontage and visibility on Sophia Street.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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