Description
Introducing a unique Class A commercial property located on the main floor of 1801 Robert Fulton Dr in Reston, a location that boasts unparalleled convenience and accessibility. This office condo features six individual offices, three of which have nice window lines, a welcoming reception area, and a functional kitchen. The property is divided into two suites; one is currently leased to a Behavioral Health Provider at an annual income of $27,600 till August 2028. The remaining suite is vacant and presents a potential income of $24,000 per year. Electric, water, and common amenities are included in the condo fees.This property offers an excellent opportunity for a small business owner looking to build wealth through real estate. With one suite already generating income, the owner can utilize the vacant space for their own business or lease it for additional revenue. The location and amenities make it an attractive option for a variety of commercial tenants, adding to its investment appeal.Investors can acquire 1801 Robert Fulton Drive at a projected stabilized 6.52% cap rate, supported by $27,600 in existing annual rental income secured through August 2028. The vacant second suite offers immediate upside, with the potential to generate an additional $24,000 annually and increase total gross income to $51,600.
Description
Introducing a unique Class A commercial property located on the main floor of 1801 Robert Fulton Dr in Reston, a location that boasts unparalleled convenience and accessibility. This office condo features six individual offices, three of which have nice window lines, a welcoming reception area, and a functional kitchen. The property is divided into two suites; one is currently leased to a Behavioral Health Provider at an annual income of $27,600 till August 2028. The remaining suite is vacant and presents a potential income of $24,000 per year. Electric, water, and common amenities are included in the condo fees.This property offers an excellent opportunity for a small business owner looking to build wealth through real estate. With one suite already generating income, the owner can utilize the vacant space for their own business or lease it for additional revenue. The location and amenities make it an attractive option for a variety of commercial tenants, adding to its investment appeal.Investors can acquire 1801 Robert Fulton Drive at a projected stabilized 6.52% cap rate, supported by $27,600 in existing annual rental income secured through August 2028. The vacant second suite offers immediate upside, with the potential to generate an additional $24,000 annually and increase total gross income to $51,600.
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