Log In/Sign Up
Your email has been sent.
Grovedale Investment Portfolio 2 Office Properties Offered at $11,163,750 in Franconia, VA
Investment Highlights
- Total Building Area: ±36,341 SF across two buildings
- Total Lot Size: ±2.78 acres
- Tenant Mix: Long-term national and regional tenants in medical, education, and counseling
- Combined NOI: $848,445
- Total Units: 11 tenant suites across both buildings
- Strong Demographics: Average HH income exceeds $130,000 within a 1-mile radius
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 combined NOI of $848K+.
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 | $11,163,750 | Number of Properties | 2 |
| Price / SF | $307.19 / SF | Individually For Sale | 2 |
| Cap Rate | 7.60% | Total Building Size | 36,341 SF |
| Sale Type | Investment | Total Land Area | 2.78 AC |
| Status | Active |
| Price | $11,163,750 |
| Price / SF | $307.19 / SF |
| Cap Rate | 7.60% |
| 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 | $5,500,000 |
|
Courtyards South
6408 Grovedale Dr, Franconia, VA 22310 |
Office | 17,850 SF | 2002 | $6,075,000 |
1 1
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Grovedale Investment Portfolio
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.