Description
For sale: 5,338 square foot industrial flex condominium located at 1306 Squire Court, Unit A, Sterling, VA, in The Utica Building Commercial Condominium Association. This corner unit offers over 90 feet of front office glass line and is primarily improved with office build-out and warehouse space, making it ideal for tech, R&D, or light industrial users. The property features one (1) ramped drive-in door and two (2) dock door knockouts, providing flexible loading options. Ceiling height is 13 feet clear, and the unit is configured for rear loading. Zoned PD-IP, the property is situated in the heart of the Dulles Tech/Data Center Corridor with excellent access to Route 28, Route 7, and the Dulles Toll Road.This offering is ideal for both users and investors. For investors, there is a tenant in place with a seller leaseback option available at a 6.7% cap rate. Lease terms include $16.81/SF NNN with a 3-year term and 3% annual escalations. The monthly condo fee is $867.51. The Utica Building consists of five condominium units totaling 33,756 SF of brick-and-block construction. This is a rare opportunity to acquire a highly improved, well-located flex unit with strong income potential or future user adaptability.
Description
For sale: 5,338 square foot industrial flex condominium located at 1306 Squire Court, Unit A, Sterling, VA, in The Utica Building Commercial Condominium Association. This corner unit offers over 90 feet of front office glass line and is primarily improved with office build-out and warehouse space, making it ideal for tech, R&D, or light industrial users. The property features one (1) ramped drive-in door and two (2) dock door knockouts, providing flexible loading options. Ceiling height is 13 feet clear, and the unit is configured for rear loading. Zoned PD-IP, the property is situated in the heart of the Dulles Tech/Data Center Corridor with excellent access to Route 28, Route 7, and the Dulles Toll Road.This offering is ideal for both users and investors. For investors, there is a tenant in place with a seller leaseback option available at a 6.7% cap rate. Lease terms include $16.81/SF NNN with a 3-year term and 3% annual escalations. The monthly condo fee is $867.51. The Utica Building consists of five condominium units totaling 33,756 SF of brick-and-block construction. This is a rare opportunity to acquire a highly improved, well-located flex unit with strong income potential or future user adaptability.
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