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240-252 Airport Rd - Aviation Business Center 2,000 - 7,082 SF Condo Units Offered at $340,000 - $1,182,694 Per Unit in Winchester, VA 22602
Investment Highlights
- Accessible via I81 Exit 313, Front Royal Pike to Airport Road.
Executive Summary
This property is located near I-81. This makes the property quite accessible for both commuters and residents.
Property Facts
| Total Building Size | 64,000 SF | Typical Floor Size | 32,000 SF |
| Property Type | Flex | Year Built | 2007 |
| Property Subtype | Lot Size | 3.09 AC | |
| Building Class | B | Parking Ratio | 1.88/1,000 SF |
| Floors | 2 | ||
| Zoning | M-1 | ||
| Total Building Size | 64,000 SF |
| Property Type | Flex |
| Property Subtype | |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 32,000 SF |
| Year Built | 2007 |
| Lot Size | 3.09 AC |
| Parking Ratio | 1.88/1,000 SF |
| Zoning | M-1 |
Amenities
- Signage
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
5 Units Available
Unit 240-1
| Unit Size | 2,000 SF | Sale Type | Investment or Owner User |
| Price | $340,000 | Cap Rate | 6.18% |
| Price Per SF | $170.00 | NOI | $21,000 |
| Condo Use | Flex |
| Unit Size | 2,000 SF |
| Price | $340,000 |
| Price Per SF | $170.00 |
| Condo Use | Flex |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.18% |
| NOI | $21,000 |
Description
3 YEAR NNN LEASE IN PLACE - through January 2028! Warehouse/Garage Condo FOR SALE, Frederick County, Aviation Business Park. 2000 SF for $340k. Large Roll Up Door, 9 ft high x 10 ft wide. Ideal for engineering, distribution, contractor services, equipment storage, etc. Meticulous flex business park. Plenty of parking. Clean garage/flex with ADA bath. Available Immediately. Current income $2192/month (represents $10.50 PSF + $2.65 PSF NNN). 3% annual increases and renewals.
Sale Notes
3 YEAR NNN LEASE IN PLACE - through January 2028! Warehouse/Garage Condo FOR SALE, Frederick County, Aviation Business Park. 2000 SF for $340k. Large Roll Up Door, 9 ft high x 10 ft wide. Ideal for engineering, distribution, contractor services, equipment storage, etc. Meticulous flex business park. Plenty of parking. Clean garage/flex with ADA bath. Available Immediately. Current income $2192/month (represents $10.50 PSF + $2.65 PSF NNN). 3% annual increases and renewals.
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Unit 242
| Unit Size | 4,350 SF | Condo Use | Flex |
| Price | $783,000 | Sale Type | Investment or Owner User |
| Price Per SF | $180.00 |
| Unit Size | 4,350 SF |
| Price | $783,000 |
| Price Per SF | $180.00 |
| Condo Use | Flex |
| Sale Type | Investment or Owner User |
Description
4350 SF Flex Space Available for Sale. New three year lease in place with renewal option. Five minutes from I-81, Exit 313, Frederick County, VA. 45 minutes west
of Leesburg on Rt. 50 or I-66 to northern VA. Comfortable office area and large warehouse with one private dock door. 20+ ceiling height. Very clean. Excellent parking.
Located in flex condo park. $3625/month NNN income. 3% annual increases. Asking $783K
Sale Notes
4350 SF Flex Space Available for Sale. New three year lease in place with renewal option. Five minutes from I-81, Exit 313, Frederick County, VA. 45 minutes west
of Leesburg on Rt. 50 or I-66 to northern VA. Comfortable office area and large warehouse with one private dock door. 20+ ceiling height. Very clean. Excellent parking.
Located in flex condo park. $3625/month NNN income. 3% annual increases. Asking $783K
Unit 250
| Unit Size | 5,000 SF | Sale Type | Investment |
| Price | $899,000 | Cap Rate | 6.30% |
| Price Per SF | $179.80 | NOI | $56,637 |
| Condo Use | Flex | Sale Conditions | 1031 Exchange |
| Unit Size | 5,000 SF |
| Price | $899,000 |
| Price Per SF | $179.80 |
| Condo Use | Flex |
| Sale Type | Investment |
| Cap Rate | 6.30% |
| NOI | $56,637 |
| Sale Conditions | 1031 Exchange |
Description
All brick, excellent condition, Leased Flex/Industrial for Sale, Winchester, VA. Leased through August 2030. Five minutes from I-81, Exit 313, Frederick County, VA. 45 minutes west of Leesburg on Rt. 50 or I-66 to northern VA. Consists of 1000 sf of office and 4000 sf of warehouse. Sold with Long-term tenant in place, NNN lease terms. $57K+/- year NOI. One dock door, 20+ ceiling height. Very clean. Located in flex condo park. Low condo dues, paid by tenant . Asking $899K. Approx. 6.3% CAP. Solid 1031 Option.
Sale Notes
All brick, excellent condition, Leased Flex/Industrial for Sale, Winchester, VA. Leased through August 2030. Five minutes from I-81, Exit 313, Frederick County, VA. 45 minutes west of Leesburg on Rt. 50 or I-66 to northern VA. Consists of 1000 sf of office and 4000 sf of warehouse. Sold with Long-term tenant in place, NNN lease terms. $57K+/- year NOI. One dock door, 20+ ceiling height. Very clean. Located in flex condo park. Low condo dues, paid by tenant . Asking $899K. Approx. 6.3% CAP. Solid 1031 Option.
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250 - 1
Unit 252
| Unit Size | 7,082 SF | Condo Use | Office |
| Price | $1,182,694 | Sale Type | Owner User |
| Price Per SF | $167.00 | No. Parking Spaces | 50 |
| Unit Size | 7,082 SF |
| Price | $1,182,694 |
| Price Per SF | $167.00 |
| Condo Use | Office |
| Sale Type | Owner User |
| No. Parking Spaces | 50 |
Description
7082 SF, Prime Office Available for Lease & Sale, Winchester, VA. Located in established business park, all brick construction, super clean and ready for Q3 occupancy! Large open office concepts with multiple executive offices. Large breakroom, multiple M/W bathrooms, and bright, welcoming lobby. TONS OF FREE PARKING! High speed internet, Enterprise Zone benefits! $12 PSF + $2.65 NNN. Showings sched. M-F, 8a - 5p. Also listed for sale, $1,182,694. Optional, additional 3K SF of offices available on separate 2nd floor for a total of 10K+ if needed!
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Unit 240-2
| Unit Size | 3,088 SF | Condo Use | Office |
| Price | $380,000 | Sale Type | Investment or Owner User |
| Price Per SF | $123.06 |
| Unit Size | 3,088 SF |
| Price | $380,000 |
| Price Per SF | $123.06 |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
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240-252 Airport Rd - Aviation Business Center
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