This Office Property is Off-Market.

1000 Bernard Street
Alexandria, VA 22314 ·

16,900 SF · Office For Sale

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Office Property For Sale

Price N/A Property Use Type Vacant/Owner-User
Building Size 16,900 SF Building Class A
Property Type Office Lot Size 16,610 SF
Property Sub-type Office Building
Listing ID: 16772857 Date Created: 07/26/2010 Last Updated: 09/23/2011

Description

1000 Bernard Street represents an outstanding opportunity to acquire a completely renovated class-A office building in Alexandria, VA. Renovations were completed in 2008 to this visually stunning 16,900-square foot, two-story structure and the owners are in the process of obtaining LEED certification. The structure sits on a 16,610-square foot lot and includes two on-site gated parking lots.

The building is currently owner-occupied and will be DELIVERED VACANT. Upon close-of-escrow, the owner would also be willing to execute a sale-leaseback at market rent for 5-10 years plus options for all or part of the space depending on the needs of the eventual purchaser. The asking price for the Sale-Leaseback option is $5,950,000 which yields a 7.5% Cap Rate. This will create a steady and dependable stream of cash flow for any savvy investor/operator who values high-end real estate in one of the nation's highest-demand markets.

Located less than a mile from the Braddock Road Metro station (Blue & Yellow Lines), 1000 Bernard Street is in a prime live/work environment. While only minutes from downtown Washington, DC, Capitol Hill, and two major airports, the City of Alexandria often ranks among the nation's best places to do business.

Highlights

  • Class-A Office Building - Fully Renovated in 2008
  • 16,900-Square Foot Building / 16,610-Square Foot Lot
  • Delivered Vacant or Stable Tenant with Government Contracts
  • Two On-Site Gated Parking Lots
  • LEED Certification In Process
  • Seller would also sale-leaseback at $5,950,000 (7.5% Cap) for 5-10 Years Plus Options

Research

1000 Bernard Street, Alexandria, VA 22314 (Alexandria City County)

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