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4520665
4520664

9420 Forestwood Ln, Manassas, VA 20110

Weber Rector Commercial Real Estate Services, Inc.
Listed by Weber Rector Commercial Real Estate Services, Inc.
$2,700,000
1863 days on market
Updated 64 days ago

NNN Leased Investment - Dialysis Center

Details
APN multiple
Property Type Office
Sub Type Medical Office
Square Footage 9,981
Units 4
Cap Rate 5.37%
NOI $144,924
Tenancy Single
Brand/Tenant DaVita
Lease Type NNN
Rent Bumps Yes
Lease Options 2 remaining 5-year options
Price per SqFt $271
Broker Co-Op Yes
Zoning B-1
Investment Type Net Lease
Lease Commencement 06/01/2015

Davita Dialysis NNN Investment - 5.37% Cap Rate

Marketing description

Four first-floor office condos totaling 9,981 SF (full floor minus common area lobby) leased to DaVita Dialysis on a NNN basis. This nationally recognized medical tenant has occupied the space since 2015 and recently exercised the first of three 5-year renewal options, extending their lease through 5/31/2030. If all remaining options are exercised, the lease will run through 5/31/2040. The current monthly rent is $12,077.01, reflecting a 10% escalation per the lease terms. Annual net operating income is $144,924, resulting in a 5.37% cap rate. An excellent opportunity to acquire a stable, long-term healthcare investment.

Located just off Sudley Rd. in established office park. Less than three quarters of a mile from Novant UVA Prince William Medical Center and just 1.5 miles from the PWC Courthouse. Less than 2 miles to Old Town Manassas shops & restaurants!

This property is located within a qualified Opportunity Zone!

Listing Contacts

Weber Rector Commercial Real Estate Services, Inc.
Listed by Weber Rector Commercial Real Estate Services, Inc.

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$144,924.00
$12,077.00/mo

Valuation Metrics

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DSCR
5.37%
Cap Rate
5.37%
ROI

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