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Listings for Omar F. Younes

601-607 S Washington Street Alexandria VA 22314
Active With Contract

MLS Number VAAX2011858

  • Commercial
  • Property SubType Special Purpose
  • Acreage 0.21

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

Listed by Yeonas & Shafran Real Estate,LLC

$/month over payments
Federal 30-year interest rate: 6.7% last updated on Sep 29, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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