Two Building Investment Portfolio - Grovedale Office Park
Medical Office Building Portfolio Investment | 7.25% Cap Rate | 96% Leased
Marketing description
Serafin Real Estate proudly presents the opportunity to acquire a two-building medical and professional office portfolio located within the Grovedale Executive Office Park in Alexandria, VA. Totaling 36,341 SF across two Class B buildings, the portfolio is anchored by long-term tenants including New Story Schools, Heartland Dental, Prism Vision Group, and Crescent Counseling. Together, the properties offer a stabilized income stream with a combined NOI of $848K+.
Positioned just minutes from I-95, the Capital Beltway, and the Springfield Metro, this portfolio benefits from exceptional accessibility and strong tenant demand within the DC Metro’s Franconia-Springfield submarket. Both assets are zoned C-2, offering future flexibility for medical, professional, and service-based tenancy. With high visibility, ample parking, and a strong demographic profile in Alexandria’s 22310 zip code, this is a rare opportunity for investors to acquire scale in a highly resilient and supply-constrained office market.
Investment highlights
Total Building Area: ±36,341 SF across two buildings
Combined NOI: $848,445
Total Lot Size: ±2.78 acres
Total Units: 11 tenant suites across both buildings
Tenant Mix: Long-term national and regional tenants in medical, education, and counseling
Strong Demographics: Average HH income exceeds $130,000 within a 1-mile radius
Strategic Location: Minutes to Reagan National Airport, I-95, I-495, Route 1, and Springfield Metro
Zoning: C-2 – Medical/Dental/Professional Office
Value Stability: Low historical vacancy and sticky tenant uses
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