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$8,672,000
148 Days On Site

202 N Loudoun St
Winchester, VA 22601

For Sale|Office|Active
0
Beds
0
Full Baths
0
Partial Baths
34,689
SqFt
$250
/SqFt
1986
Built
County:
WINCHESTER CITY
Listing courtesy of CENTURY 21 Commercial New Millennium

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202 N Loudoun St202 N Loudoun St202 N Loudoun St202 N Loudoun St
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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

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Listing Snapshot
Price 
$8,672,000
Days On Site 
148 Days
Bedrooms 
N/A
Inside Area (SqFt) 
34,689 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.72 Acres
Year Built 
1986
MLS® Number 
VAWI2005940
Status 
Active
Property Tax 
$63,012
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 months agoListing updated with changes from the MLS®
5 months agoListing first seen on site
General Features
Acres 
0.72
Parking Spaces 
25
Property Sub Type 
Office
Sewer 
Public Sewer
SqFt Total 
34689
Water Source 
Public
Interior Features
Appliances 
Electric Water Heater
Cooling 
Central Air
Heating 
CentralNatural Gas
Interior 
Elevator
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Exterior Features
Construction Details 
Brick
Listing courtesy of CENTURY 21 Commercial New Millennium



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Neighborhood & Commute
Source: Walkscore
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