FOR SALE - $3,850,000 - Tall Cedars 3.4 Acres

FOR SALE - Asking Price: $3,850,000 - Income producing property occupied by a multi-location, education-based tenant in a long-term lease situated on 3.4 acres in South Riding, VA with 1.224 acres of additional buildable land. The property, built in 2012, generates $207,060/year triple net with annual escalations. The CLI zoning allows for a variety of uses and approximately 20k-30k of additional development opportunity. This property is listed by Ryan Rauner, Realtor, Century 21 New Millennium, Ashburn, Virginia. Ryan Rauner holds an Associate Broker license in Virginia.

FOR SALE - Asking Price: $3,850,000 – Income Producing Commercial Property with Surplus Parcel for Additional Development - We are pleased to offer for sale an income producing property occupied by a multi-location, education-based tenant situated on 3.4 acres in South Riding, VA with 1.224 acres of additional buildable land. The school, built in 2012, is 5 years into a 15-year lease with one 5-year renewal option and generates $207,060/year triple net with annual escalations. The school is priced at a 7% cap rate with the additional land priced aggressively at $725,000/acre. This property provides a unique opportunity for both passive and value-add investors. Those looking for a steady income stream will benefit from the property’s strong triple net revenues and, with population growth projections at nearly 18% over the next 5 years, the strong likelihood for real estate appreciation. With approximately 20,000-30,000 square feet of additional development opportunity, developers can further increase the property’s revenue to achieve above-market returns. The property is zoned CLI (Commercial Light Industrial) which permits a wide variety of uses from office and industrial to commercial retail and services uses. With limited zoning for medical use in the surrounding area and Inova Medical Center being located less than 3 miles down the road, the property’s CLI zoning also presents a rare opportunity for supportive health and medical services development. The property benefits from its location across the street from the East Gate Metro Park & Ride Lot and is less than a half mile from Route 50 and East Gate Marketplace. South Riding is one of Loudoun County’s wealthiest and fastest growing areas with over 8,300 households (27,000+ residents) and a median household income of over $140,000/year. 

To learn more about this opportunity, review the due diligence information, and/or schedule a property tour, please contact Ryan Rauner, Associate Broker, RealtyMarkets, a Century 21 New Millennium Team at 703-943-7079 or ryan@realtymarkets.com.

This property is listed by Ryan Rauner, Realtor, Century 21 New Millennium, Ashburn, Virginia. Ryan Rauner holds an Associate Broker license in Virginia.

Location

For more information, please contact:

 

Ryan Rauner of RealtyMarkets, a Century 21 New Millennium Team

703-943-7079

Ryan@RealtyMarkets.com

 

 

Century 21 New Millennium

20405 Exchange Street, Suite 221

Ashburn, VA 20147