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Properties

Wellington Business Center

8886 Rixlew Lane Manassas, VA 20109

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Details

Wellington Business Center contains three office and flex buildings totaling 76,000 sf with well a diversified tenant base of 18 tenants. 4.6 acres zoned M-2 Light Industrial, located along the edge of Innovation, near George Mason University, British Aero Space and Micron.   Fiber optic cabling run to the buildings.  Currently 91% rented with 9% available for immediate occupancy.  Ideal for user and investor.  Most leases are year to year renewals with annual increases.  2020 In Place NOI Net operating income is approximately $520,000.  At full occupancy, NOI is projected at $583,000.

Grand Total In Place NOI $520,000
In Place Cap Rate 5.94%
Projected NOI $583,000.00
Projected Cap Rate 6.7%
91% Occupied  
9% Vacant  

Sales Price: $8,750,000

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8886 Rixlew Lane
Manassas, VA 20109