Bought with Non Member • Metropolitan Regional Information Systems, Inc.
$4,790,000
$5,000,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
47,800 SqFt
SOLD DATE : 06/21/2018
Key Details
Sold Price $4,790,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 47,800 sqft
Price per Sqft $100
Subdivision Manassas
MLS Listing ID 1003288247
Sold Date 06/21/18
HOA Y/N N
Originating Board MRIS
Year Built 1989
Annual Tax Amount $40,002
Tax Year 2017
Lot Size 4.592 Acres
Acres 4.59
Property Description
Fully leased to quality credit worthy tenant; 8 years on lease, expires March, 2026; NN net; Tenant responsible for taxes, insurance, maintenance; Landlord responsible for structural elements of building. NOI of $398,000, base with escalator of 2% each year; CAP 7.96; rounded up to 8%
Location
State VA
County Manassas City
Zoning I1
Interior
Fireplace N
Exterior
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Middle Schools Metz
High Schools Osbourn
School District Manassas City Public Schools
Others
Tax ID 13009
Ownership Fee Simple
Special Listing Condition Standard
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