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8508-8542 Virginia Meadows Dr - Building II 3,752 SF Flex Condo Unit Offered at $1,125,000 in Manassas, VA 20109
Property Facts
Amenities
- Mezzanine
- Storage Space
1 Unit Available
Unit 8508
| Unit Size | 3,752 SF | Cap Rate | 6.50% |
| Price | $1,125,000 | NOI | $73,164 |
| Price Per SF | $299.84 | Sale Conditions | Lease Option |
| Condo Use | Flex | APN/Parcel ID | 7596-35-1274.01 |
| Sale Type | Investment or Owner User |
| Unit Size | 3,752 SF |
| Price | $1,125,000 |
| Price Per SF | $299.84 |
| Condo Use | Flex |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.50% |
| NOI | $73,164 |
| Sale Conditions | Lease Option |
| APN/Parcel ID | 7596-35-1274.01 |
Description
A 3,752 SF flex industrial condominium perfect for a service business or investor with approximately 2,315 SF of class A finished office space across two floors and 1,037 SF of warehouse with a 14 ft tall drive-in bay door. The property, located in Prince William County, is zoned M-2; Light Industrial, which supports a wide range of uses (see the last page of flyer for the use table). Currently leased to a tenant that is corporately backed by Konica Minolta, a global technology company. The lease runs until 10/31/26, with the tenant having the option of renewing or extending this lease, at the Landlord's discretion, by giving 90 days advance written notice to the Landlord. The current lease rate is $19.50/sf NNN, and any renewals or extensions by the existing tenant would be subject to a 5% base rent increase per year. The current cap rate is 6.5%.
Located within Virginia Meadows Industrial Park in Manassas, the property sits just off Wellington Road. The location offers convenient access to Rt. 234 Bypass/Prince William Pkwy, I-66, & Rt. 29 providing efficient connectivity throughout Northern Virginia. The surrounding area is characterized by a strong concentration of flex and light industrial users with continued demand for small-bay industrial space.
Sale Notes
A 3,752 SF flex industrial condominium perfect for a service business or investor with approximately 2,315 SF of class A finished office space across two floors and 1,037 SF of warehouse with a 14 ft tall drive-in bay door. The property, located in Prince William County, is zoned M-2; Light Industrial, which supports a wide range of uses (see the last page of flyer for the use table). Currently leased to a tenant that is corporately backed by Konica Minolta, a global technology company. The lease runs until 10/31/26, with the tenant having the option of renewing or extending this lease, at the Landlord's discretion, by giving 90 days advance written notice to the Landlord. The current lease rate is $19.50/sf NNN, and any renewals or extensions by the existing tenant would be subject to a 5% base rent increase per year. The current cap rate is 6.5%.
Located within Virginia Meadows Industrial Park in Manassas, the property sits just off Wellington Road. The location offers convenient access to Rt. 234 Bypass/Prince William Pkwy, I-66, & Rt. 29 providing efficient connectivity throughout Northern Virginia. The surrounding area is characterized by a strong concentration of flex and light industrial users with continued demand for small-bay industrial space.
+5 More
VA Meadows 1st Floor Plan
VA Meadows 2nd Floor Plan
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8508-8542 Virginia Meadows Dr - Building II
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