For Sale
$2,600,000

9420 Forestwood LnManassas, VA 20110

High-yield NNN leased medical office.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 9,981 square foot medical office building in Manassas, Virginia, fully leased to DaVita Dialysis under a triple-net (NNN) lease. The property consists of four first-floor office condos, totaling 9,981 square feet (excluding common area lobby). The current lease, initiated in 2015, extends to May 31, 2025, with three five-year renewal options, each including a 10% rent increase. The property boasts a strong net operating income (NOI) of $132,000, translating to a compelling 5.08% capitalization rate and a price per square foot of $260.49. The asking price for this strategically located asset is $2,600,000. Situated in an established office park just off Sudley Road, the property enjoys convenient proximity to Novant UVA Prince William Medical Center (less than three-quarters of a mile) and the Prince William County Courthouse (1.5 miles). Furthermore, it's within two miles of Old Town Manassas' vibrant shops and restaurants. This property is zoned B-1 and is located within a qualified Opportunity Zone, offering potential tax advantages. The property's address is 9420 Forestwood Ln, Manassas, VA 20110.

Property Details for 9420 Forestwood Ln

Property type
Office properties, Medical offices
Square Feet
9,981 SF
Units
4

Location Insight

City
Manassas
County
Manassas City
State
Virginia
Latitude
38.7668747
Longitude
-77.4787335
9420 Forestwood Ln, Manassas, Virginia

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9420 Forestwood Ln
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