531 Square Foot Office Space For Sale @ 228 South Washington Street - Unit 120

Rare "small ticket" fully leased 531 sf investment office condominium perfect for a 1031 Exchange.

Sales Info:
■ Cap rate: 5.45%
■ Commision split: 3.0%
■ NOI: $17,717

Location Description:
In the heart of Old Town Alexandria at the intersection of S. Washington Street and Duke St two blocks south of King St.

Highlights:
■ Fully leased to an interior design tenant through December 2018 who has occupied since 1995.
■ Located in an historic Old Town building that was renovated in 2004.
■ Ground level space with S. Washington St. frontage and windows.
■ 2 blocks to King St. restaurants/amenities and free trolley to King St. Metro.
■ Walking distance to state and federal courthouses and City Hall.
■ One parking space conveys.