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Grovedale Investment Portfolio 2 Office Properties Offered at $10,890,000 in Franconia, VA
INVESTMENT HIGHLIGHTS
- Total Building Area: ±36,341 SF across two buildings
- Total Lot Size: ±2.78 acres
- Cap Rate: 7.25% based on in-place income
- Combined NOI: $789,135
- Total Units: 12 tenant suites across both buildings
- Zoning: C-2 – Medical/Dental/Professional Office
EXECUTIVE SUMMARY
Serafin Real Estate proudly presents the opportunity to acquire a two-building medical and professional office portfolio located within the Grovedale Executive Office Park in Alexandria, VA. Totaling 36,341 SF across two Class B buildings, the portfolio is anchored by long-term tenants including New Story Schools, Heartland Dental, Prism Vision Group, and Crescent Counseling. Together, the properties offer a stabilized income stream with a weighted average occupancy of 96% and a combined NOI exceeding $789,000.
Positioned just minutes from I-95, the Capital Beltway, and the Springfield Metro, this portfolio benefits from exceptional accessibility and strong tenant demand within the DC Metro’s Franconia-Springfield submarket. Both assets are zoned C-2, offering future flexibility for medical, professional, and service-based tenancy. With high visibility, ample parking, and a strong demographic profile in Alexandria’s 22310 zip code, this is a rare opportunity for investors to acquire scale in a highly resilient and supply-constrained office market.
Positioned just minutes from I-95, the Capital Beltway, and the Springfield Metro, this portfolio benefits from exceptional accessibility and strong tenant demand within the DC Metro’s Franconia-Springfield submarket. Both assets are zoned C-2, offering future flexibility for medical, professional, and service-based tenancy. With high visibility, ample parking, and a strong demographic profile in Alexandria’s 22310 zip code, this is a rare opportunity for investors to acquire scale in a highly resilient and supply-constrained office market.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$1,061,613
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$1,061,613
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$272,478
|
| Net Operating Income |
$789,135
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $1,061,613 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,061,613 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $272,478 |
| Net Operating Income | |
|---|---|
| Annual | $789,135 |
PROPERTY FACTS
| Price | $10,890,000 | Number of Properties | 2 |
| Price / SF | $299.66 / SF | Individually For Sale | 2 |
| Cap Rate | 7.25% | Total Building Size | 36,341 SF |
| Sale Type | Investment | Total Land Area | 2.78 AC |
| Status | Active |
| Price | $10,890,000 |
| Price / SF | $299.66 / SF |
| Cap Rate | 7.25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 36,341 SF |
| Total Land Area | 2.78 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Courtyards North
6400 Grovedale Dr, Franconia, VA 22310 |
Office | 18,491 SF | 2001 | $5,200,000 |
|
Courtyards South
6408 Grovedale Dr, Franconia, VA 22310 |
Office | 17,850 SF | 2002 | $6,075,000 |
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