Back to Search

NNN Leased Medical Office Condos

9420 Forestwood Ln, Manassas, VA 20110

View on Map

For Sale

Contact for pricing

9,981 SF leased to DaVita through 2030.

Type:Office

Property size:

9,981 SF

Price / SF:

$270/SF

HighLights

Long‑term NNN lease with DaVita Dialysis provides stable, passive income.
Lease extends through 5/31/2030, with options to extend through 5/31/2040.
Current annual net operating income (NOI) of $144,924.
Current monthly rent is $12,077.01 with 10% escalations per lease terms.
Located in a qualified Opportunity Zone.
Close proximity to Novant UVA Prince William Medical Center, PWC Courthouse, and Old Town Manassas shops & restaurants.

We can help!

Listing Contact

Brian Snook

Learn more

For Sale

Contact for pricing

9,981 SF leased to DaVita through 2030.

Type:Office

Property size:

9,981 SF

Price / SF:

$270/SF

Added:: Apr 30, 2021
Days on Market:: 1868
Last Refresh:: May 19 at 10:29 pm

Property Features for 9420 Forestwood Ln

General Information

Standard status: Active
Size: 9,981 SF
Property subtype: Office

We can help!

Listing Contact

Brian Snook

Listing agent Brian Snook License #VA

Listing office Weber Rector Commercial Real Estate Services, Inc.

Listing date Apr 30, 2021

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Weber Rector Commercial Real Estate Services, Inc.

HighLights

Long‑term NNN lease with DaVita Dialysis provides stable, passive income.
Lease extends through 5/31/2030, with options to extend through 5/31/2040.
Current annual net operating income (NOI) of $144,924.
Current monthly rent is $12,077.01 with 10% escalations per lease terms.
Located in a qualified Opportunity Zone.
Close proximity to Novant UVA Prince William Medical Center, PWC Courthouse, and Old Town Manassas shops & restaurants.

Overview

Four first-floor office condos, totaling 9,981 square feet, are fully leased to DaVita Dialysis on a NNN basis. The nationally recognized medical tenant has occupied the space since 2015 and recently exercised the first of three 5-year renewal options, extending their lease through May 31, 2030. If all remaining options are exercised, the lease will run through May 31, 2040. The current monthly rent is $12,077.01, reflecting a 10% escalation per the lease terms. The annual net operating income is $144,924, resulting in a 5.37% cap rate. This property is located just off Sudley Road in an established office park, less than three quarters of a mile from Novant UVA Prince William Medical Center and approximately 1.5 miles from the PWC Courthouse. It is also located less than 2 miles from Old Town Manassas shops and restaurants. This property is located within a qualified Opportunity Zone, presenting a stable, long-term healthcare investment opportunity.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$279.1k	$27.96
− Vacancy	−$18.1k	−$1.82
EGI	$260.9k	$26.14
− OpEx	−$104.4k	−$10.46
NOI	$156.6k	$15.69

9,981 SF · lease $27.96/SF/yr · vacancy 6.50% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$2.24M

$1.96M – $2.61M (±1% cap)

NOI $156,558 @ 7.0% cap · market cap 5.80%

Second Best

Office B

$1.91M

$1.67M – $2.23M (±1% cap)

NOI $133,639 @ 7.0% cap · market cap 4.95%

Theoretical Best

Specialty Retail

$5.54M

$4.85M – $6.47M (±1% cap)

NOI $388,061 @ 7.0% cap · market cap 14.37%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Comprehensive Sleep Care ... Medical Clinic DaVita Bull Run ... Medical Clinic Lighthouse Pediatric Dental ... Dental Office Victorious HealthCare Services ... Geriatric Care Provider Dr. Nivedita Chander Physician

Suggested Use

Location Insight

Map
Local Demand

City: Manassas
County: Manassas Park
State: Virginia
Longitude: -77.4787446
Latitude: 38.7670095

Nearby Similar for Sale

$2,130,000

Standalone Building in Manassas

Standalone commercial building with road visibility and signage opportunities.

8803 SUDLEY Road, MANASSAS, VA 20110

View Details
$399,000

Move-In Ready Manassas Office Space

Well-equipped office with reserved parking, ready for immediate occupancy.

9161 LIBERIA Avenue, MANASSAS, VA 20110

View Details
$318,000

927 SF

Zoned B1 Office Space

Compact office space positioned near I-66 and Route 234 for B1-zoned business use.

7528 DIPLOMAT Drive, MANASSAS, VA 20109

View Details
$345,000

Office Space with Retail Frontage

Well-maintained office unit with retail frontage, washer/dryer hookups, and visibility along a major commuting corridor.

8632 CENTREVILLE Road, MANASSAS, VA 20110

View Details
$300,000

Bright Corner Unit for Sale

Second-floor office with excellent natural light and hardwood flooring.

10521 CRESTWOOD, MANASSAS, VA 20109

View Details
$674,900

875 SF

Manassas Commercial Brick Building

Commercial brick building with street frontage in Old Town Manassas.

9109 CENTER Street, MANASSAS, VA 20110

View Details
$750,000

3,100 SF

Established Daycare Center Near Manassas

Turnkey daycare center with established enrollment and updated facilities.

8904 YORKSHIRE Ln, Manassas, VA 20111

View Details
$2,500,000

3,010 SF

Industrial Unit with Outdoor Storage

3,010 SF industrial unit with gated outdoor storage.

11900 Livingston Rd, Manassas, VA 20109

View Details
$295,000

Turnkey 3-Operatory Medical Clinic

Modern dental clinic setup with a reception area and three equipped treatment operatories, ready for immediate medical use.

10620 CRESTWOOD DRIVE Burg, MANASSAS, VA 20109

View Details
$399,000

Move-In Ready Office Space

Office space with reserved parking and modern kitchenette.

9161 LIBERIA Ave 302, Manassas, VA 20110

View Details
$150,000

760 SF

Professional Office Condo Near Courthouse

760 SF office condo near Old Town Manassas.

9851 BUSINESS Way, Manassas, VA 20110

View Details
$250,000

Move-in Ready Office Condo

Functional office space with flexibility to support various business needs.

8781 MATHIS Ave, Manassas, VA 20110

View Details

For sale
Medical Office Space
VA
Manassas
20110
9420 Forestwood Ln

What type of property is this?

Medical Office Space - 9,981 SF leased to DaVita through 2030.

Where is this medical office space located?

The property is located at 9420 Forestwood Ln Manassas, VA.

What is the asking price?

The asking price for this property is $2,700,000.

What are key features of this property?

This property features: Long‑term NNN lease with DaVita Dialysis provides stable, passive income.; Lease extends through 5/31/2030, with options to extend through 5/31/2040.; Current annual net operating income (NOI) of $144,924.