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10364,10370 & 10376 Main St Portfoli0 2 Properties Offered at $1,400,000 in Fairfax, VA
Executive Summary
Legat Commercial Real Estate, LLC, as the exclusive representative for GMS,LLC (“Seller”) is pleased to present for sale the 10364, 10370 & 10376 Main Street office and retail complex located in Fairfax, Virginia. The property consists of 5,782 SF, situated on 6,274 SF (0.144 acres) of land (the “Property”). The Property is 100% leased to three tenants with an average WALT of approximately 4 years and an average in-place base rent of $34 per square foot/modified gross. The Tenant's leases all have personal guarantees, and the uses include an architectural firm and retail shop tenants.
The Property is located on the north side of Main Street, with an average of 30,000 vehicles passing by per day. The location is walking distance to shopping, dining, key landmarks, and is easily accessible to public transportation. The property is also located within the Fairfax City Historic District, with the Draper House, built in 1810, being part of the complex.
10364, 10370 & 10376 Main Street offers potential investors the opportunity to invest in a stable, cashflowing property that may be acquired for an attractive market value of $1,400,000, reflecting a 7.35% cap rate.
The Property is located on the north side of Main Street, with an average of 30,000 vehicles passing by per day. The location is walking distance to shopping, dining, key landmarks, and is easily accessible to public transportation. The property is also located within the Fairfax City Historic District, with the Draper House, built in 1810, being part of the complex.
10364, 10370 & 10376 Main Street offers potential investors the opportunity to invest in a stable, cashflowing property that may be acquired for an attractive market value of $1,400,000, reflecting a 7.35% cap rate.
Property Facts
| Price | $1,400,000 | Number of Properties | 2 |
| Price / SF | $178.75 / SF | Individually For Sale | 0 |
| Cap Rate | 7.35% | Total Building Size | 7,832 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.29 AC |
| Status | Active |
| Price | $1,400,000 |
| Price / SF | $178.75 / SF |
| Cap Rate | 7.35% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,832 SF |
| Total Land Area | 0.29 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 10364-10370 Main St, Fairfax, VA 22030 | Office | 5,982 SF | 1821 | - |
| 10376 Main St, Fairfax, VA 22030 | Retail | 1,850 SF | 1821 | - |
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10364,10370 & 10376 Main St Portfoli0
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