4845 Empire Ct Fredericksburg, VA 22401
- Office Properties & Spaces
- 14,057 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 4845 Empire Ct
- Year built
- 1997
- Property size
- 14,057 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional Class A medical office building, totaling 14,057 square feet, is strategically located in Fredericksburg, Virginia, at 4845 Empire Ct, zip code 22401. Currently occupied at 7% occupancy by a single tenant under a 5-year NNN lease with a 5-year option, offering a 7% cap rate in year one. The asking price is $4,200,000, translating to $298.78 per square foot. Built in 1997, the property boasts a prime location midway between Mary Washington Hospital and Spotsylvania Regional Medical Center, within a well-maintained office park alongside other medical facilities. The building's design allows for potential subdivision to accommodate multiple tenants, if desired. The lease features a base rent of $21.00 per square foot in year one, subject to 3% annual increases. Ample parking is available. This presents a compelling investment opportunity in a thriving medical corridor. The property is situated in Spotsylvania County and offers convenient access to downtown Fredericksburg.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fredericksburg
- County
- Spotsylvania
- State
- Virginia
- Longitude
- -77.4817
- Latitude
- 38.3049
