4845 Empire CtFredericksburg, VA 22401

  • Healthcare properties
  • 14,057 SF
For Sale
$4,200,000 View listing

Property Details for 4845 Empire Ct

Year built
1997
Property size (Sq ft)
14,057 SF
Property type
Healthcare properties
Property subtype
Other office properties

Description

This exceptional Class A medical office building, totaling 14,057 square feet, is strategically located in Fredericksburg, Virginia, at 4845 Empire Ct, zip code 22401. Currently occupied at 7% occupancy by a single tenant under a 5-year NNN lease with a 5-year option, offering a 7% cap rate in year one. The asking price is $4,200,000, translating to $298.78 per square foot. Built in 1997, the property boasts a prime location midway between Mary Washington Hospital and Spotsylvania Regional Medical Center, within a well-maintained office park alongside other medical facilities. The building's design allows for potential subdivision to accommodate multiple tenants, if desired. The lease features a base rent of $21.00 per square foot in year one, subject to 3% annual increases. Ample parking is available. This presents a compelling investment opportunity in a thriving medical corridor. The property is situated in Spotsylvania County and offers convenient access to downtown Fredericksburg.

4845 Empire Ct, Fredericksburg, Virginia

Location Insight

City
Fredericksburg
County
Spotsylvania
State
Virginia
Latitude
38.3049
Longitude
-77.4817

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