106 Washington StLexington, VA 24450

Exceptional investment opportunity: a 18,584 square foot telecom/data center in Lexington, Virginia, at 106 E Washington St. This strategically located property serves as the central office for Brightspeed of Virginia's fiber network, a vital component of their infrastructure. The building, situated on a 1.23-acre lot and zoned C1, boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $185,840. The asking price is $3,097,333, translating to $166.67 per square foot. This sale includes a 20-year absolute net sale-leaseback agreement with Brightspeed, a subsidiary of Apollo Global Management, guaranteeing an annual rent of $185,840 ($10 per square foot). Brightspeed's commitment underscores the property's critical role in their network and provides a secure, long-term income stream. The property's history as a central office for various telecom companies further solidifies its importance within the industry. Lexington, VA, offers a vibrant community and is home to Washington and Lee University and the Virginia Military Institute. This presents a rare opportunity to acquire a mission-critical asset with a secure, long-term lease in a desirable location.