11 Smokehouse Drive, Suite 115
Fredericksburg, VA
Office for Sale - $1,650,000 - 4,500 Sq. Ft.
Property Info
CIMLS# | 1053786 |
Location 11 Smokehouse Drive, Suite 115 Fredericksburg VA 22406 | |
Updated | July 30th, 2019 |
Type | Office |
Price | $1,650,000 |
Building | 4,500 Sq. Ft. |
Property Description
FOR SALE - $1,650,000 - Excellent opportunity to acquire a 4,500+/- SF corner retail condominium, currently occupied by Neibauer Dental Care. The current 15-year lease expires in March 2022 but includes renewal options. With an annual triple net base rent of $158,697, plus annual increases, this property has a 9.6% cap rate. The lease is personally guaranteed. Built new in 2006, Plantation Commons has a mix of retail, medical and office tenants. Ideal property for 1031 exchange buyers and investors looking for an income-producing investment. All sales are subject to third party approval. 3% broker participation offered. To obtain a copy of the lease and available financial information, please contact RealMarkets.