45593/45595 Shepard Dr Sterling, VA 20164

This exceptional investment opportunity presents a two-unit Class C office condominium portfolio in Sterling, Virginia. Located at 45593/45595 Shepard Dr, zip code 20164, this property boasts a total of 2,517 square feet of net rentable space, currently 100% occupied. The portfolio comprises two units: a 1,184 square foot second-floor end unit (45593 Shepard Dr, Suite 201) and a 1,333 square foot end unit (45595 Shepard Dr, Suite 101). The property was built in 1991 and is a two-story building. One unit features a year-to-year lease, renewing in February 2025, while the other boasts a new three-year lease commencing September 1st, 2024, with a 3% annual rent increase. The asking price is $674,197, representing a compelling $267.86 per square foot. The Net Operating Income (NOI) for 2024-2025 is projected at $47,125, yielding a 6.23% capitalization rate. Landlord responsibilities include real estate taxes and association fees