6101 Redwood Square Ctr - Medical FOR SALE


Centreville, VA 20121
$9,000,000 USD
703-969-4479
6101 Redwood Square Ctr, Centreville, VA for Sale
$9,000,000 USD
Medical - FOR SALE
1/15
null | 7.5% Cap Rate

6101 Redwood Square Ctr
Centreville, VA 20121


HIGHLIGHTS

  • 7.5% CAP RATE
  • 90% occupied
  • Prominent location in Centreville

OVERVIEW

Citiscape Commercial is pleased to present a unique investment opportunity, offering the chance to acquire fee simple interest in this property. The investment features a competitive CAP rate of 7.5%, making it an attractive option for investors seeking solid returns. Additionally, there is significant potential to further enhance the CAP rate through an all-cash purchase, providing increased value and improved financial performance for prospective buyers. This office condominium is 90% occupied by established tenants, primarily consisting of reputable medical and professional service providers who cater to the surrounding neighborhood. The tenant roster reflects a strong presence of well-established businesses within their respective fields, ensuring stability and reliability. The building has been consistently well-maintained, with main corridors equipped with energy-efficient auto-LED lighting. This enhances operational efficiency and reduces overall energy consumption. The property features three levels constructed with all-brick materials, accessible by an elevator, and provides two entrances along with Three-story medical office building visible from Centreville Road. A parking arrangement provides an overall ratio of approximately 4.74 spaces per 1,000 SF.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$308 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Redwood Square Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

140

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,328 SF

ZONING

C-2

APN/PARCEL ID

0652-01-0014C

ASK ABOUT THIS PROPERTY

Hong PhamCitiScape Commercial GroupMore Info
703-969-4479

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

Hong PhamCitiScape Commercial GroupMore Info
703-969-4479

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