Skip To Content

202 N Loudoun Street

WINCHESTER, VA 22601
  • $8,672,000
  • STATUS: Active
  • ON SITE: 152 Days
  • ID#: VAWI2005940
UPDATED: 68 min ago
$8,672,000
  • 0
    BEDS
  • 0.72
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1986
County:

School Ratings & Info

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

Monthly Payment Calculator



©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Eng Garcia Properties, LLC | Keller Williams Capital Properties. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-08T21:50:21.563.
www.enggarcia.com/homes/152404880
Print Image

202 N Loudoun Street WINCHESTER, VA 22601

  • Price: $8,672,000
  • Status: Active
  • On Site: 152 Days
  • Updated: 68 min ago
  • ID#: VAWI2005940
0
Beds
0
Baths
0
½ Baths
0.72
Acres
1986
Built
County:
Winchester City
School District:
Winchester City Public Schools
Property 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
Exterior Features

Construction Materials Brick Garage YN No Parking Types Parking Lot Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 34689.00 Cooling Central A/C Heating Central Heating YN Yes Net Square Feet 34688.00

Property Features

Accessibility Features Elevator Central Air YN Yes Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Electric Navigable Water YN N Net Operating Income 520320.00 New Construction YN No Number Of Units Total 0 Original MLSNumber 803201849752 Ownership Interest Fee Simple Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 63012.00 Tax Lot 1 Total Actual Rent 520320.00 Vacation Rental YN No Water Source Public Zoning B1

Listing courtesy of CENTURY 21 Commercial New Millennium: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Eng Garcia Properties, LLC | Keller Williams Capital Properties. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-08T21:50:21.563.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_803201849752-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_803201849752-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_803201849752-2.jpg
Logo
Eng Garcia Properties, LLC | Keller Williams Capital Properties
1930 18th St NW
Washington DC, 20009