2616 Sherwood Hall Lane, Unit 203 & 204Alexandria, VA 22306MLS Number VAFX2119978

Long-term, income-producing investment opportunity of a medical suite occupied by a successful gastroenterology practice with 20+ year history! The suite offers a modern and professional layout with a reception desk, waiting area, four exam rooms, nurses' station, procedure room, open recovery area, break room, scheduling/IT room, and two restrooms. There is a corner, windowed office for physicians/providers. The property is two connected condos (#203 and #204, total 1,993 SF together) and occupies one corner of the second floor in a well-maintained low-rise medical/dental office building in Alexandria. The building offers amenities such as a glass-door entrance and upscale lobby, elevators, restrooms, and a large parking lot. Other medical tenants in the same building include urology, dermatology, physical therapy, women's health, chiropractic, oral surgery, psychiatry, a pharmacy, primary care, and pediatrics, among others. This medical office building is in a high-traffic area of Hybla Valley, Alexandria with excellent visibility near the INOVA Mt. Vernon Hospital. Immediate income is provided by the current, long-term Triple Net lease with a stable, nationally recognized medical practice. Current rent of $4,718 will adjust to $4,860 on 5/1/23. Priced to sell at 7.5% cap rate. The current lease expires 4/30/29 with an option to extend for 10 more years. Sale offering is for both suites, 203 and 204, only. Sale is of real property only and subject to the existing leasehold interest. Tax values and tax assessments shown are #203 and #204 added together.