601-607 S WASHINGTON STREET

ALEXANDRIA, VA, 22314

$7,500,000

$642 per ft²
$7,500,000
$642 per ft²
Active
Active
 - For Sale
carpenters-square
11,680 ft²
property_type
Commercial
calendar
Built 1870
SALE-LEASEBACK OPPORTUNITY for two fully 2021 renovated buildings located on the SW corner of S. Washington and Gibbon Streets in Old Town Alexandria (601 & 607 S. Washington Street). These beautifully restored buildings occupy the entire corner and will be sold with a NNN lease in place for the current owner - The Linder Academy. Price: $7,500,000 Sale-leaseback Cap rate: 6.5% Asking Rent on leaseback: $41.76/SQFT (i.e. 40,650/month) with 2% annual escalation plus pass through expenses paid by tenant to include maintenance, utilities, property tax and insurance. A true NNN lease Term: Initial 10-year lease plus 10-year and 5-year lease extension options (with preference for longer term) Two extraordinary buildings totaling 11,680 SQ FT on the corner of S. Washington Street & Gibbon Street in Old Town Alexandria, VA
MLS® ID:
VAAX2011858
Updated:
9/25/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central A/C
Heating
Central

Exterior/Building Features

Lot Size
9,194 ft² lot
Lot Details
Corner
Sewer
Public Sewer

School Information

School District
ALEXANDRIA CITY PUBLIC SCHOOLS

Other Property Details

Taxes
$4200422.00
Tax Frequency
per YEAR
Garage
No
Parking
Surface
View
N
County
ALEXANDRIA CITY
Water Source
Public
Pool
No
Zoning
CL

Property History

Date
Event
Price
Value
9/7/22
Price Change
$7,500,000
-6%
Contact