Description
SALE-LEASEBACK OPPORTUNITY for two buildings fully renovated in 2021 located on the SW corner of S. Washington and Gibbon Streets in Old Town Alexandria. (601 & 607 S. Washington Street Alexandria, VA 22314). These beautifully restored buildings occupy the entire corner and will be sold with a NNN lease in place for The Linder Academy, the current owner.
Price: $8,000,000 Sale-leaseback
Cap rate: 5.6%
Asking Rent on leaseback: $38/SQFT with 2% annual escalation plus pass through expenses paid by tenant to include maintain, utilities and property tax. Landlord would only pay insurance.
Term: Initial 10-year lease plus 10-year and 5-year lease extension options
Two buildings totaling 11,680SQFT on the corner of S. Washington Street & Gibbon Street in Old Town Alexandria, VA
Location
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Courtesy of: Yeonas & Shafran Real Estate, LLC Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 18th May, 2022 7:13 PM (UTC)
