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12 Chatham Heights Rd
Fredericksburg, VA 22405
Net Leased Ophthalmology Office · Office Property For Sale
·
28,000 SF
PROPERTY FACTS
| Total Building Size | 28,000 SF | Typical Floor Size | 8,645 SF |
| Property Type | Office (Condo) | Year Built | 1997 |
| Property Subtype | Medical | Lot Size | 2.28 AC |
| Building Class | B | Parking Ratio | 3.47/1,000 SF |
| Floors | 2 | ||
| Zoning | B2 - B-2 Community Business District is to provide land. needed for community-wide business establishments. | ||
| Total Building Size | 28,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 8,645 SF |
| Year Built | 1997 |
| Lot Size | 2.28 AC |
| Parking Ratio | 3.47/1,000 SF |
| Zoning | B2 - B-2 Community Business District is to provide land. needed for community-wide business establishments. |
AMENITIES
- Air Conditioning
1 UNIT AVAILABLE
Unit 101
| Unit Size | 12,177 SF | Cap Rate | 7.75% |
| Condo Use | Medical | NOI | $503,518.97 |
| Sale Type | Investment |
| Unit Size | 12,177 SF |
| Condo Use | Medical |
| Sale Type | Investment |
| Cap Rate | 7.75% |
| NOI | $503,518.97 |
DESCRIPTION
Located in the heart of Fredericksburg’s thriving medical and professional corridor, 12 Chatham Heights Road offers a prime investment opportunity with a fully leased, 12,177 SF medical office condominium. Anchored by a well-established LASIK and ophthalmology tenant, this property provides stable, long-term income under an absolute NNN lease with over six years remaining and 3% annual rent escalations. Recently remodeled in 2014, the building sits on a 2.28-acre lot with excellent visibility and access to Route 1 and Route 3. With a current NOI of $503,519 and a 7.75% cap rate, this asset presents an ideal, hands-off investment in one of Virginia’s most active healthcare markets.
SALE NOTES
Absolute NNN Medical Office Condo
