510 Lansdowne Rd Fredericksburg, VA 22408
- Commercial real estate
- 40,116 SF
- 3.88 lot acres
Current Use by Public Records
- HDT Global / Engineer / Manufacturer
Property Details for 510 Lansdowne Rd
- Lot size
- 3.88 lot acres
- Property size
- 40,116 SF
- Zone code
- I1 - INDUSTRIAL 1
- Property type
- Commercial real estate
- APN
- 24-12-6C
- APU
- 24126C
Description
Exceptional investment opportunity: a 40,455 square foot Class A industrial building in Fredericksburg, VA, situated on a 7.62-acre lot. This single-tenant property, built in 2017, is 100% occupied by a credit-rated tenant under a NNN lease with a corporate guarantee, offering a stable income stream. The lease, commencing November 1, 2018, has a remaining term of approximately 3.9 years, followed by two 5-year options with annual 3% rent bumps. The property features 103 parking spaces and one loading dock. The tenant, a global leader in military and industrial product design and manufacturing, utilizes the building as its Blade Center, incorporating both indoor and outdoor space for research and development. The property's I-1 zoning and strategic location provide significant long-term value. The building boasts 40,455 square feet of net rentable space and includes an additional 3.69 acres of outdoor storage. The strong financial performance is highlighted by a 7.01% cap rate and a current NOI of $707,679. This fee-simple ownership offers a secure and lucrative investment opportunity with significant upside potential. The property's address is 510 Lansdowne Rd, Fredericksburg, VA 22408.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fredericksburg
- County
- Spotsylvania
- State
- Virginia
- Longitude
- -77.4614
- Latitude
- 38.2644
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
