202 Loudoun St Winchester, VA 22601-4952

Property Details for 202 Loudoun St

Year built

1986

Lot size

0.72 lot acres

Property size

19,283 SF

Zone code

B1

Property type

Commercial real estate

APN

173-01-N- 1-

APU

17301N1

Description

This exceptional 34,688 square foot office building, located at 202 N Loudoun St in Winchester, Virginia, presents a compelling investment opportunity. The property, built in 1986 and situated on a 0.72-acre lot, is currently fully leased to a credit-rated tenant under a 10-year absolute net lease, offering significant financial stability. The lease includes two 5-year renewal options, ensuring long-term income. The asking price of $8,672,000 represents a 6.00% cap rate, based on a net operating income (NOI) of $520,320. The lease features annual rent bumps of 3%, further enhancing the investment's return. The tenant is responsible for all building maintenance, repairs, and replacements, including a planned HVAC system replacement exceeding $1.2 million within the first year. The property boasts 25 parking spaces and enjoys a prime location across from the Old Town Winchester Walking Mall. The building is zoned B-1 and features three stories. This sale-leaseback transaction offers a secure, passive income stream with a strong tenant and a favorable market position in a low-vacancy submarket (3.2%) with significant historical rent growth (over 24% in the past 10 years). No new office construction is planned, making this a rare opportunity in a thriving market. The property's fee simple ownership provides complete control and long-term value appreciation potential.

Location Insight

City

Winchester

County

Winchester City

State

Virginia

Longitude

-78.1643

Latitude

39.1867

CBSA code

49020

CBSA name

WINCHESTER, VA-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments