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12658-12660 Lake Ridge Dr 11,510 SF 100% Leased Office Building Woodbridge, VA 22192 $2,900,000 ($251.95/SF)



Investment Highlights
- Four contiguous office condo units combined into one cohesive office suite
- Located within an established professional office community
- Provides excellent connectivity throughout Northern Virginia
- Option for owner/user or sale/leaseback
- Features ample on-site parking
- Surrounding area is supported by dense residential neighborhoods
Executive Summary
Four contiguous office condo units combined into one cohesive office suite totaling approx. 11,510 SF, offering an efficient layout well-suited for a variety of professional, medical, or service-oriented users. The unified floor plan provides the functionality & flexibility of a larger office while retaining the convenience of condominium ownership. Located within an established professional office community, the property features ample on-site parking and a professional business environment.
The property offers flexibility for both investors and owner-users. For an investor purchaser, the seller will lease back the premises for three years at $17.00/SF NNN, with the seller retaining the option to terminate the lease early upon payment of $100,000 to the purchaser. For an owner-user purchaser, the seller will vacate upon sale, allowing for immediate occupancy.
Positioned along Lake Ridge Drive in the heart of the Lake Ridge business corridor, the property offers convenient access to Old Bridge Rd., Minnieville Rd., and I-95, providing excellent connectivity throughout Prince William County and Northern Virginia. The surrounding area is supported by dense residential neighborhoods, established retail centers, restaurants, & everyday services, creating a convenient location for both clients and employees.
The property offers flexibility for both investors and owner-users. For an investor purchaser, the seller will lease back the premises for three years at $17.00/SF NNN, with the seller retaining the option to terminate the lease early upon payment of $100,000 to the purchaser. For an owner-user purchaser, the seller will vacate upon sale, allowing for immediate occupancy.
Positioned along Lake Ridge Drive in the heart of the Lake Ridge business corridor, the property offers convenient access to Old Bridge Rd., Minnieville Rd., and I-95, providing excellent connectivity throughout Prince William County and Northern Virginia. The surrounding area is supported by dense residential neighborhoods, established retail centers, restaurants, & everyday services, creating a convenient location for both clients and employees.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
11,510 SF
Building Class
B
Year Built
1985
Price
$2,900,000
Price Per SF
$251.95
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,755 SF
Slab To Slab
8’
Building FAR
0.10
Lot Size
2.78 AC
Zoning
RPC - Commercial
Parking
25 Spaces (2.17 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,026,000 | |
| Land Assessment | $342,000 | Total Assessment | $1,368,000 |
Property Taxes
Parcel Numbers
Land Assessment
$342,000
Improvements Assessment
$1,026,000
Total Assessment
$1,368,000
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