Rare Opportunity to own an income producing property in Fredericksburg! This property has 16 dedicated offices with the ability to increase it to 24 with some modifications. Currently there are 22 working spaces with the current tenant utilizing some cubicles. With 20 covered parking spaces there is plenty of space for employees to safely park. All (3) of the AC systems have been replaced within the last 2 years. There is new flooring in the offices and common area. The building will be getting a nice power wash soon and the blue trim is getting repainted this week. This building would make the perfect home for any number of professions. When fully occupied, the cap rate on this property is approximately 7%. There are currently several dedicated offices available for lease as well. Please inquire on the terms.
Listing By CENTURY 21 The Hills Realty – John Sawyer, Jr
Data Last Updated 2:16PM - 10/26/2021
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