Listed by Legat Commercial Real Estate LLC, Legat Commercial Real Estate
$6,500,000
4084 University Dr
Details
Property Type Office
Sub Type Executive Office, professional
Square Footage 33,220
NOI $401,615
Price per SqFt $209
Year Built 1973 / 1988
Year Renovated 2005
Stories 2
Acreage 1.030
Zoning C-3
Parking Spaces 3.50 per 1,000 sq ft
Investment Type Owner/User
Ownership fee simple
Office | 33,220 SqFt
Marketing description
Legat Commercial Real Estate, LLC, as the exclusive representative for the owner, is pleased topresent the opportunity to acquire a professional office at 4084 University Drive, Fairfax City, Virginia. The property totals 1.03 acres with 20,079 SF potentially available for occupancy within the next two years and up to 31,043 SF within the next three years—an attractive opportunity for an owner/user with stepped expansion potential as existing leases roll.
The property is currently leased to professional service companies, including a law firm, an engineering practice, and a physical therapy provider. All tenants are on full-service leases providing reliable income with existing professional management in place. This tenant profile creates stable cash flow today while allowing future flexibility for owner occupancy, redevelopment, or assemblage with adjacent properties.
Strategically located in the heart of Fairfax City, the property offers strong regional connectivity via Route 50, Route 29, I-66, I-495, and Route 236. It is within walking distance of the Fairfax Judicial Center, restaurants, banks, and retail services. With its central location and strong surrounding demographics, the property appeals to both investors seeking strong redevelopment potential and owner/users seeking a long-term headquarters location.
This offering represents a rare chance to acquire a well-located, professionally managed fee simple office building with both in-place income and owner-user potential—positioned in one of Fairfax City’s most dynamic commercial corridors. It also presents a potential covered land play, generating interim income while entitlement and redevelopment efforts progress.
Investment highlights
- Building is a quick walk to Fairfax Judicial Center and City Hall
- Short walk to restaurants, banking and other amenities
- Located near George Mason University
- Reserved Parking and Covered Parking
- High Visibility Building Signage Opportunity
- Exciting redevelopment potential
- Immediately Available 5,993 Rentable SF
- 20,079 Rentable SF Available by 2027
- 31,043 Rentable SF Available by 2028
- Surface Parking, Covered Parking & Reserved Parking | 3.5/1,000
Listing Contacts
Listed by Legat Commercial Real Estate LLC, Legat Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$401,614.86
$33,467.91/mo
Valuation Metrics
0
DSCR
6.18%
Cap Rate
6.18%
ROI
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