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Office Medical

Alexandria Ophthalmic Associates

411 N Washington St, Alexandria, VA 22314

Listing Price: $1,535,200

Cap Rate
5.00%
Gross SF
4,600
Rentable SF
4,600
Price/Gross SF
$333.74
Occupancy
100.0%
Year Built
1872
Lot Size
0.05 acres

Investment Overview

This offering presents an opportunity to acquire an established medical office property occupied by Vision Innovation Partners, a regional healthcare platform supporting 69 locations throughout the Mid-Atlantic. The property is offered below its $1,794,781 assessed value and features below-market in-place rents, providing potential upside through future rent growth. Located within an affluent trade area, 35.5% of households within a 1-mile radius earn $200,000 or more annually, supporting strong demographics and purchasing power. The combination of an established medical tenant, attractive basis, below-market rents, and affluent surrounding demographics creates a compelling investment opportunity.

Investment Highlights

  • PRICED BELOW ASSESSED VALUE Offered at a price below the property's $1,794,781 assessed value.
  • BELOW-MARKET RENTS In-place rents are below market, providing potential upside through future rent growth.
  • ESTABLISHED MEDICAL TENANT Vision Innovation Partners supports 69 locations throughout the Mid-Atlantic, providing an established regional healthcare platform.
  • AFFLUENT TRADE AREA 35.5% of households within a 1-mile radius earn $200,000+ annually, demonstrating strong household income and purchasing power.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director, Market Leader- Mid-Atlantic

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Office Medical

Alexandria Ophthalmic Associates

Listing Price: $1,535,200

Cap Rate
5.00%
Gross SF
4,600
Rentable SF
4,600
Price/Gross SF
$333.74
Occupancy
100.0%
Year Built
1872
Lot Size
0.05 acres

Investment Highlights

  • PRICED BELOW ASSESSED VALUE Offered at a price below the property's $1,794,781 assessed value.
  • BELOW-MARKET RENTS In-place rents are below market, providing potential upside through future rent growth.
  • ESTABLISHED MEDICAL TENANT Vision Innovation Partners supports 69 locations throughout the Mid-Atlantic, providing an established regional healthcare platform.
  • AFFLUENT TRADE AREA 35.5% of households within a 1-mile radius earn $200,000+ annually, demonstrating strong household income and purchasing power.

Investment Overview

This offering presents an opportunity to acquire an established medical office property occupied by Vision Innovation Partners, a regional healthcare platform supporting 69 locations throughout the Mid-Atlantic. The property is offered below its $1,794,781 assessed value and features below-market in-place rents, providing potential upside through future rent growth. Located within an affluent trade area, 35.5% of households within a 1-mile radius earn $200,000 or more annually, supporting strong demographics and purchasing power. The combination of an established medical tenant, attractive basis, below-market rents, and affluent surrounding demographics creates a compelling investment opportunity.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director, Market Leader- Mid-Atlantic

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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