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listing
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CommercialFor Sale
$8,000,000
601-607 S Washington Street
Alexandria, VA 22314
Courtesy of Yeonas & Shafran Real Estate, LLC
MLS: BRIGHT_MAIN
Est. Mortgage
$41,395/mo

SALE-LEASEBACK OPPORTUNITY for two buildings fully renovated in 2021 located on the SW corner of S. Washington and Gibbon Streets in Old Town Alexandria. (601 & 607 S. Washington Street Alexandria, VA 22314). These beautifully restored buildings occupy the entire corner and will be sold with a NNN lease in place for The Linder Academy, the current owner. Price: $8,000,000 Sale-leaseback Cap rate: 5.6% Asking Rent on leaseback: $38/SQFT with 2% annual escalation plus pass through expenses paid by tenant to include maintain, utilities and property tax. Landlord would only pay insurance. Term: Initial 10-year lease plus 10-year and 5-year lease extension options Two buildings totaling 11,680SQFT on the corner of S. Washington Street & Gibbon Street in Old Town Alexandria, VA

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This data is up-to-date as of 05/23/2022 12:37 AM. Listing provided by Omar F. Younes of Yeonas & Shafran Real Estate, LLC.
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