Property Listing No Longer Available for Sale

8576 Wellington Rd, Manassas, VA

Industrial for Sale - $1,700,000 - 11,900 Sq. Ft. on 49299.44 acres


Property Info

CIMLS#753067
Location
  8576 Wellington Rd
  Manassas VA 20109
UpdatedSeptember 15th, 2015
TypeIndustrial
Price$1,700,000
Building11,900 Sq. Ft.
Land49299.44 acres

Property Description

Sperry Van Ness as the exclusive listing company is happy to present this 11,900 sq/ft stand alone, light industrial/office building situated on 1.91 acres of land. This Modified Gross Investment Property is 100% occupied by a defense-contracting company that has been in business since 1958.

Location Description:

This stand alone, light industrial building located off of Wellington Rd. is less then 2 miles to Rt. 28 within 4 miles of I-66, and walking distance to Prince William County.

Highlights:

>> Investment Property

>> NOI $217,000

>> 12.8% Cap Rate

>> 1.5% Annual Escalations

>> Year 2 of 5 Year Lease

>> 2 Five Year Options

>> Approximately 2 Acres of Land

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Financials

Sales Info:

>> Cap rate: 12.8%

>> Commision split: 0.0%

>> NOI: $217642