Skip Dawson - Commercial Real Estate Showcase

Skip Dawson Property Listings
Principal
Verity Commercial, LLC
1821 Michael Faraday Dr
Suite 208
Reston, VA 20190-5342


DetailMap
6035 Burke Centre Parkway - Burke Centre Town Center - Burke Center Office

Burke, VA 22015-3750 - Springfield/Burke Submarket


Property Type:Office Sub Type:Medical Status:Existing Year Built:1988
Stories:3 Typical Floor:9,000 SF Building Size:26,934 SF
For Sale Price:$8,350,000 Price/SF:$310.02
Cap Rate:6.56 %
Parking:Free Surface spaces are available; Free Covered spaces; Ratio of 6/1,000 SF Amenities:24 Hour Availability, Air Conditioning, Controlled Access



Sale Notes:
Verity Commercial, LLC is pleased to offer two Fairfax County Medical Buildings for sale.

This is a rare opportunity to acquire two 100% leased medical office buildings just outside of Washington D.C. in one of the most affluent Counties in America, Fairfax County Virginia. The portfolio consists of approximately 50,000 square feet of quality medical facilities. Each building has reputable and award winning tenants that have leases that will provide stable cash flow for years to come. The projected net operating income in January 2016 is approximately one million one hundred thirty thousand dollars ($1,130,000). Both buildings are strategically located within their communities adjacent to Giant Grocery anchored shopping centers.

Franklin Farm Medical Center is a 23,000 square foot medical and surgical facility located in Herndon, Virginia that boast’s a rare state of the art surgical facility built out in 2014. This asset will produce a projected net operating income of $530,000 starting January of 2016. Franklin Farm Medical Center is host to Ortho Virginia which is the largest orthopedic physician specialty group in Virginia that sees close to 200,000 patients annually. The building is not only highly visible from the Fairfax County Parkway but is adjacent to Franklin Farm Village Center that includes 30 brand name retail and dining facilities. Franklin Farm is rare commercially zoned parcel in the residential neighborhoods of Herndon, Virginia.

Burke Medical Center is a 27,000 square foot medical office building located in Burke, Virginia that offers a diversified and staggered rent roll of 10 tenants that produces a projected net operating income of $600,000 starting January of 2016. No one tenant occupies more 4,500 square feet of space in the building, which offers a safe diversified rent roll. The building situated in a superior strategic location with its adjacent neighbors being a Kaiser Permanente and the Burke Centre Town Center which is a 100,000 square foot shopping center that host’s national and regional tenants such as Giant Groceries, Starbucks and BB&T.

Fairfax County, Virginia, which both buildings are located, has an outstanding economic foundation that contribute to keeping these assets producing cash flow for decades to come. The county has an unemployment rate of a mere 3.6% and high median income of $111,614 annually. Fairfax County Residents spend $3.5 Billion dollars annually on health care, which ranks as one of the highest indexes of healthcare expenditures in the Nation.

To receive an offering memorandum please e-mail jhiman@VerityCommercial.com with the principle and brokers information.

Verity Commercial, LLC
Skip Dawson
(703) 435-4007

Ken Traenkle
(703) 435-4007 x102




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