4701 Carr DrFredericksburg, VA 22408

Property Details for 4701 Carr Dr

Year built

1998

Property size (Sq ft)

10,000 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

This exceptional 10,000 square foot Class B medical office building, situated within the prestigious Jackson Square Office Park in Fredericksburg, Virginia, presents a compelling investment opportunity. Currently 100% occupied by a long-term corporate tenant, Parsons Corp., under a triple-net (NNN) lease, this single-story building offers a stable and predictable income stream. Built in 1998, the property boasts a desirable C-3 zoning designation. The asking price is $2,700,000, representing a compelling $270 per square foot and a 5.90% cap rate (5.93% pro-forma). The property generates a pro-forma net operating income (NOI) of $160,000. Conveniently located near the Four Mile Fork area of Route 1, with easy access to Interstate 95 (Exit 126), this property benefits from ample parking and proximity to a wide array of amenities, including shopping, dining, hotels, and a new 430,000 square foot Veterans Affairs Clinic (less than a quarter mile away). This turnkey investment offers a rare opportunity to acquire a high-quality, fully leased medical office building in a thriving market. The property address is 4701 Carr Dr, Fredericksburg, VA 22408, within Spotsylvania County.

Location Insight

City

Fredericksburg

County

Spotsylvania

State

Virginia

Latitude

38.2531

Longitude

-77.4949

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