Alexandria, VA 22306,2616 SHERWOOD HALL LN #203 & 204
Alexandria, VA 22306,2616 SHERWOOD HALL LN #203 & 204
Alexandria, VA 22306,2616 SHERWOOD HALL LN #203 & 204
$750,000
Est. payment /mo
$775,000
3.2%
Est.Price: ?

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1,993 SqFt
SOLD DATE : 06/16/2023

Key Details

Sold Price $750,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 1,993 sqft

Price per Sqft $376

Subdivision Sherwood Hall Med Cent

MLS Listing ID VAFX2119978

Sold Date 06/16/23

Originating Board BRIGHT

Year Built 1976

Annual Tax Amount $5,309

Tax Year 2023

Property Description

Long-term, income-producing investment opportunity of a medical suite occupied by a
successful gastroenterology practice with 20+ year history! The suite offers a modern and professional layout with a reception desk, waiting area, four exam rooms, nurses' station, procedure room, open recovery area, break room, scheduling/IT room, and two restrooms. There is a corner, windowed office for physicians/providers. The property is two connected condos (#203 and #204, total 1,993 SF together) and occupies one corner of the second floor in a well-maintained low-rise medical/dental office building in Alexandria. The building offers amenities such as a glass-door entrance and upscale lobby, elevators, restrooms, and a large parking lot. Other medical tenants in the same building include urology, dermatology, physical therapy, women's health, chiropractic, oral surgery, psychiatry, a pharmacy, primary care, and pediatrics, among others. This medical office building is in a high-traffic area of Hybla Valley, Alexandria with excellent visibility near the INOVA Mt. Vernon Hospital. Immediate income is provided by the current, long-term Triple Net lease with a stable, nationally recognized medical practice. Current rent of $4,718 will adjust to $4,860 on 5/1/23. Priced to sell at 7.5% cap rate. The current lease expires 4/30/29 with an option to extend for 10 more years. Sale offering is for both suites, 203 and 204, only. Sale is of real property only and subject to the existing leasehold interest. Tax values and tax assessments shown are #203 and #204 added together.

Location

State VA

County Fairfax

Zoning 496

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Electric

Exterior

Garage Spaces 14.0

Water Access N

Accessibility Elevator

Total Parking Spaces 14

Garage N

Building

Lot Description Backs to Trees

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Fairfax County Public Schools

Others

Tax ID 1021 35 0203 & 0204

Ownership Condominium

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Stephen M Karbelk • CENTURY 21 Commercial New Millennium
Bought with Allison S Graves • Coldwell Banker Elite

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agent

Bob Gauger

+1(240) 286-4447

Broker Associate | License ID: 312506

Broker Associate License ID: 312506

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