45593/45595 Shepard DrSterling, VA 20164

Property Details for 45593/45595 Shepard Dr

Year built

1991

Property size (Sq ft)

2,517 SF

Property type

Office properties

Property subtype

Other office properties

Description

This exceptional investment opportunity presents a two-unit Class C office condominium portfolio in Sterling, Virginia. Located at 45593/45595 Shepard Dr, zip code 20164, this property boasts a total of 2,517 square feet of net rentable space, currently 100% occupied. The portfolio comprises two units: a 1,184 square foot second-floor end unit (45593 Shepard Dr, Suite 201) and a 1,333 square foot end unit (45595 Shepard Dr, Suite 101). The property was built in 1991 and is a two-story building. One unit features a year-to-year lease, renewing in February 2025, while the other boasts a new three-year lease commencing September 1st, 2024, with a 3% annual rent increase. The asking price is $674,197, representing a compelling $267.86 per square foot. The Net Operating Income (NOI) for 2024-2025 is projected at $47,125, yielding a 6.23% capitalization rate. Landlord responsibilities include real estate taxes and association fees

Location Insight

City

Sterling

County

Loudoun

State

Virginia

Latitude

38.9918

Longitude

-77.4234

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