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202 N Loudoun St
Off-Market Call for Pricing
Call for Pricing
- 0 Units
- Unknown Sq Ft
- 31,276 Sq Ft
- Unknown Cap Rate
Description
We are pleased to offer for sale 202 N Loudoun St in Winchester, VA. This 34,688 SF building, built in 1986, will be sold fully leased to a credit tenant for a period of 10 years from the date of settlement. The lease agreement is absolute net with the tenant responsible for all building maintenance, repairs, and replacements. All triple net costs will be paid directly to the vendor, provider, and/or taxing authority. The new owner will enjoy monthly rental payments deposited directly into their bank account. The asking price represents a 6% cap rate and reflects the financial strength and stability of the tenant, low vacancy of the submarket (3.2%), long-term lease (10 years with two 5-year options), and value of improvements made by the tenant. The tenant will be replacing the building's HVAC system within the first year of the lease term at a cost of over $1.2M.
The property has its own private parking lot with 25 spaces and is directly across the street from the Old Town Winchester Walking Mall, which feature numerous dining and shopping amenities. The Winchester City office submarket has extremely strong fundamentals compared with the rest of the DC metro area. Vacancy has average 4.37% over the past 10 years with over 24% rent growth over the same period. No new supply has delivered since 2014 and no new construction is in the pipeline.
FOR MORE INFORMATION, PLEASE SIGN THE CONFIDENTIALITY AGREEMENT
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Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $8,672,000 |
| Property Type | Office |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1986 |
| Last Sold | December 18, 2024 |
| Sold Price | 8,000,000 |
| APN # | 17301N 1 |
| MLS # | VAWI2005940 |
| Property ID | 320648185 |
| Lot Sqft | 31,276 |
| Zoning | B1 |
| Date Updated | January 02, 2025 |
| Date Created | July 07, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $520,320 | $0 |
| Net Income (Yr) | $ 520,320 |
| Cap Rate | 6.00% |
Listing Provided By
Ryan Rauner an agent of .
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Data last updated: March 22, 2025.
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