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8990-9002 Fern Park Dr
Burke, VA 22015
3-Unit Building (fully occupied) · Office Property For Sale

Investment Highlights

  • Great Condition & Renovations - Spectacular Location!
  • Attractive Cap Rate!
  • Attractive Gross Rent Multiplier (GRM)!
  • Entire building for sale.

Executive Summary

HUGE PRICE REDUCTION ($54K)! Beautifully Renovated, Well-Maintained 3-Unit Office Building Located in Professional Office Center Within 1 Mile of Beltway & Braddock Rd! 3-level, 3,160 SF building with each tenant having private floor. FULLY OCCUPIED - two units with long-term tenants and one recently new tenant. Suites have been professionally built-out and configured for maximum tenant flexibility. Building is perfectly suited for medical and multi-use general/professional tenants. Suites and offices are generously sized with private restrooms. Well-maintained professional office park with plenty of free parking. Direct access to Braddock Rd and only 1 mile to Rt. 495. Great location across from Kings Park Shopping Center. Owner pays for electricity, water and condo fees. Rent upside available as it lays with no need to renovate! Attractive proforma GRM (10) AND Cap Rate (6%+) metrics make this a fantastic investor or owner/occupant value!

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Property Type Office
Property Subtype
Medical
  • Office Office Residential
Building Class B
Lot Size 0.23 AC
Rentable Building Area 3,160 SF
No. Stories 3
Year Built 1980
Parking Ratio 3.28/1,000 SF
APN / Parcel ID
0694-16-0001
  • 0694-16-0002
  • 0694-16-0003
  • 0694-16-0004
  • 0694-16-0005
  • 0694-16-0006
  • 0694-16-0007
Zoning C-2 - Limited Office District

Amenities

  • 24 Hour Access
  • Bus Line
  • Controlled Access
  • Signage
  • Kitchen
  • Air Conditioning
  • Smoke Detector
  • Listing ID: 19775041

  • Date on Market: 6/3/2020

  • Last Updated:

  • Address: 8990-9002 Fern Park Dr, Burke, VA 22015

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