510 Lansdowne RdFredericksburg, VA 22408

Property Details for 510 Lansdowne Rd

Lot size

3.88 AC

Property size (Sq ft)

40,116 SF

Zone code

I1 - INDUSTRIAL 1

Property type

Other commercial real estate

APN

24-12-6C

APU

24126C

Description

Exceptional investment opportunity: a 40,455 square foot Class A industrial building in Fredericksburg, VA, situated on a 7.62-acre lot. This single-tenant property, built in 2017, is 100% occupied by a credit-rated tenant under a NNN lease with a corporate guarantee, offering a stable income stream. The lease, commencing November 1, 2018, has a remaining term of approximately 3.9 years, followed by two 5-year options with annual 3% rent bumps. The property features 103 parking spaces and one loading dock. The tenant, a global leader in military and industrial product design and manufacturing, utilizes the building as its Blade Center, incorporating both indoor and outdoor space for research and development. The property's I-1 zoning and strategic location provide significant long-term value. The building boasts 40,455 square feet of net rentable space and includes an additional 3.69 acres of outdoor storage. The strong financial performance is highlighted by a 7.01% cap rate and a current NOI of $707,679. This fee-simple ownership offers a secure and lucrative investment opportunity with significant upside potential. The property's address is 510 Lansdowne Rd, Fredericksburg, VA 22408.

• Alternative Use

  Use

  Valuation

  Residential

  $9,686,591

  Hospitality

  $8,872,866

  Educational

  $7,382,120

  Medical

  $7,636,002

  Retail

  $11,483,298

Location Insight

City

Fredericksburg

County

Spotsylvania

State

Virginia

Latitude

38.2644

Longitude

-77.4614

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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