202 Loudoun StWinchester, VA 22601

Property Details for 202 Loudoun St

Year built

1986

Lot size

0.72 AC

Property size (Sq ft)

19,283 SF

Zone code

B1

Property type

Other commercial real estate

APN

173-01-N- 1-

APU

17301N1

Description

This exceptional 34,688 square foot office building, located at 202 N Loudoun St in Winchester, Virginia, presents a compelling investment opportunity. The property, built in 1986 and situated on a 0.72-acre lot, is currently fully leased to a credit-rated tenant under a 10-year absolute net lease, offering significant financial stability. The lease includes two 5-year renewal options, ensuring long-term income. The asking price of $8,672,000 represents a 6.00% cap rate, based on a net operating income (NOI) of $520,320. The lease features annual rent bumps of 3%, further enhancing the investment's return. The tenant is responsible for all building maintenance, repairs, and replacements, including a planned HVAC system replacement exceeding $1.2 million within the first year. The property boasts 25 parking spaces and enjoys a prime location across from the Old Town Winchester Walking Mall. The building is zoned B-1 and features three stories. This sale-leaseback transaction offers a secure, passive income stream with a strong tenant and a favorable market position in a low-vacancy submarket (3.2%) with significant historical rent growth (over 24% in the past 10 years). No new office construction is planned, making this a rare opportunity in a thriving market. The property's fee simple ownership provides complete control and long-term value appreciation potential.

• Alternative Use

  Use

  Valuation

  Residential

  $5,253,272

  Hospitality

  $4,811,968

  Educational

  $4,003,501

  Medical

  $4,141,188

  Retail

  $6,227,668

Location Insight

City

Winchester

County

Winchester City

State

Virginia

Latitude

39.1867

Longitude

-78.1643

CBSA code

49020

CBSA name

WINCHESTER, VA-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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