Listed by NAI KLNB (Tysons, VA)
$7,000,000
Colvin Run Center
Details
Property Type Office
Sub Type Traditional Office, Medical Office
Square Footage 18,186
Units 4
NOI $402,377
Occupancy 92%
Tenancy Multi
Class A
Year Built 2001
Year Renovated 2020,2021,2024,2025
Buildings 1
Stories 2
Acreage 0.935
Zoning Highway Commercial
Parking Spaces 72 per 1,000 sq ft
Investment Type Stabilized
Office | 18,186 SqFt
Marketing description
KLNB is pleased to present FOR SALE - 10135 Colvin Run Rd, a 2 Story, 18,186 SF Medical/Professional office building located in prestigious Great Falls, VA. The asset is 92% leased to 5 Tenants, and has been fully renovated within the past 5 years. There is One (1) small 1,537 SF suite that an Owner can occupy, or lease out for additional rental income.
Investment highlights
- 2 Story, 18,186 RSF Medical/Professional Office Building
- 92% Occupied with 5 Quality Tenants
- Fully Renovated within Past 5 Years
- One Vacant Suite (1,537 SF) Available for Owner Occupant or Lease-Up
- 72 Total Parking Spaces (22 covered, 50 surface) - 4.0/1,000 SF Ratio
- Prestigious Great Falls Location
- Concrete slab over garage foundation
- Double pane fixed windows
- Brick veneer facade
- 1st Floor - 14' height / 2nd Floor - 13' height
- TPO 60 Mil Roof - Replaced in 2023
- 3 RTU's - replaced in 2020. Sensors for VAV boxes Replaced in 2023
- 2 restrooms per floor - men's & women's
- (1) - 2,500 LB Hydraulic Elevator
- HVAC (3 Roof Top Units) replaced - $72,027.00 (2020)
- Major Building Renovations (Lobby, Common area hallways, restrooms Lighting, etc...) - $153,467.00 (2021)
- New Landscaping - $13,000.00 (2021)
- Roof Replacement (New TPO 60 Mil Roof) - $73,500.00 (2023)
- Major Elevator Upgrades (valves, arms, Hydraulics etc..) - $25,293.00 (2023-2025)
- Fire Alarm System replacement (new panel, Strobe lights, etc..) - $37,009.00 (2024)
- Parking lot sealed & striped - $5,112.00 (2025)
- Total Recent Capital Improvements: $379,409.30
Listing Contacts
Listed by NAI KLNB (Tysons, VA)
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$402,377.00
$33,531.42/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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