150 Riverside Pky - Office FOR SALE


Fredericksburg, VA 22406
$13,000,000 USD
540-372-7675
150 Riverside Pky, Fredericksburg, VA for Sale
$13,000,000 USD
Office - FOR SALE
1/40
null | 8.05% Cap Rate

150 Riverside Pky
Fredericksburg, VA 22406


HIGHLIGHTS

  • 73,417 SF of Class A Office
  • Rents are below market, Offering upside for new owner
  • There are no ongoing or planned multi-tenant office projects within the trade area
  • Very low office vacancy compared to Northern, VA & Richmond (96.5% Leased)
  • 12-month net absorption on office is up 53%

OVERVIEW

Located at 150 Riverside Parkway in South Stafford, offers premier Class A office space with excellent visibility from I-95. This three-story, 73,417-square-foot property is 96% leased and features upscale suites, high-end finishes, striking architecture, and impressive atrium lobbies. Situated in the beautifully landscaped Riverside Business Park, the building offers ample parking and stands out to the 150,000+ vehicles passing daily on I-95. Just minutes from the Route 17 exit, it sits midway between Washington, D.C. and Richmond, and is close to shopping, dining, and lodging options. Surrounded by upscale residential communities, the property draws from a strong labor pool and an expanding consumer base. It also enjoys proximity to downtown Fredericksburg and the Stafford Regional Airport.

FOR SALE DETAILS

PRICE

$13,000,000 USD

PRICE/SF

$177 USD /SF

CAP RATE

8.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Jefferson Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

375

LAND DETAILS

LAND ACRES

6.78 AC

LAND SF

295,337 SF

ZONING

M1

APN/PARCEL ID

45-37J

ASK ABOUT THIS PROPERTY

Heather HagermanJohnson Realty Advisors, Inc.More Info
540-372-7675

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Heather HagermanJohnson Realty Advisors, Inc.More Info
540-372-7675

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.