For Sale
$6,250,000

1775 Lk Harley DrPrince George, VA 23875

Class A medical/creative office, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A medical office building, constructed in 2019, presents a compelling investment opportunity. Located at 1775 Lake Harley Drive in Prince George, Virginia (zip code 23875), this 15,600 square foot property boasts 15,455 square feet of net rentable space. Currently leased to Virginia Physicians for Women, Ltd. under a 12-year NNN lease, the property offers a substantial net operating income (NOI) of $394,102.50 in year one, with a 2.5% annual escalation. The base rent is $25.50 per square foot. The building features eight doctor pods, state-of-the-art medical equipment, conference capabilities, a welcoming reception area, and ample parking. Designed with high-quality materials and full mechanical, electrical, and plumbing (MEP) engineering, this property is ideal for investors seeking a stable, long-term income stream. The asking price is $6,250,000.

Highlights

  • 15,455 rentable square feet (15,600 gross square feet)
  • Virginia Physicians for Women, Ltd. as tenant
  • $394,102.50 Year 1 Net Operating Income (NOI)
  • 2.5% annual rent escalation
  • $25.50 per square foot (PSF), NNN, Year 1 base rent
  • 12-year lease term

Property Details for 1775 Lk Harley Dr

Property type
Office properties, Office space
Square Feet
15,600 SF
Class
A
Year Built
2019

Location Insight

City
Prince George
County
Prince George
State
Virginia
Latitude
37.2493353
Longitude
-77.3693265
1775 Lk Harley Dr, Prince George, Virginia

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1775 Lk Harley Dr
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