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12 Chatham Heights Rd - Net Leased Ophthalmology Office 12,177 SF Medical Condo Unit Offered at $6,497,019 in Fredericksburg, VA 22405

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PROPERTY FACTS

Total Building Size	28,000 SF	Typical Floor Size	8,645 SF
Property Type	Office (Condo)	Year Built	1997
Property Subtype	Medical	Lot Size	2.28 AC
Building Class	B	Parking Ratio	3.47/1,000 SF
Floors	2
Zoning	B2 - B-2 Community Business District is to provide land. needed for community-wide business establishments.

Total Building Size	28,000 SF
Property Type	Office (Condo)
Property Subtype	Medical
Building Class	B
Floors	2
Typical Floor Size	8,645 SF
Year Built	1997
Lot Size	2.28 AC
Parking Ratio	3.47/1,000 SF
Zoning	B2 - B-2 Community Business District is to provide land. needed for community-wide business establishments.

Air Conditioning

1 UNIT AVAILABLE

Unit 101

Unit Size	12,177 SF	Sale Type	Investment
Price	$6,497,019	Cap Rate	7.75%
Price Per SF	$533.55	NOI	$503,518.97
Condo Use	Medical

Unit Size	12,177 SF
Price	$6,497,019
Price Per SF	$533.55
Condo Use	Medical
Sale Type	Investment
Cap Rate	7.75%
NOI	$503,518.97

DESCRIPTION

Located in the heart of Fredericksburg’s thriving medical and professional corridor, 12 Chatham Heights Road offers a prime investment opportunity with a fully leased, 12,177 SF medical office condominium. Anchored by a well-established LASIK and ophthalmology tenant, this property provides stable, long-term income under an absolute NNN lease with over six years remaining and 3% annual rent escalations. Recently remodeled in 2014, the building sits on a 2.28-acre lot with excellent visibility and access to Route 1 and Route 3. With a current NOI of $503,519 and a 7.75% cap rate, this asset presents an ideal, hands-off investment in one of Virginia’s most active healthcare markets.