FOR SALE - $899,900 - Ashburn Office Condo(s) For Sale @ $50,000 Below Appraised Value - The property appraised for $950,000 in May 2019, offering over $50,000 of instant equity. At the asking price, the cost of ownership is approximately 40% lower than the current market rate to lease comparable space, making this property an amazing opportunity for both owner-users and investors.
The property consists of Suites 210 & 220 for a total of 4,903 SF and can be sold together or separately. Suite 210 is 2,802 SF and Suite 201 is 2,101 SF. The 2nd floor unit(s) has elevator lobby exposure, 4 entrances, and the right to install 2 exterior building signs. The mostly open plan has an extensive window line, 3 offices, conference room, pantry, and 2 ADA restrooms. Formerly occupied by Arthur Murray Dance Studio, the property is suitable as-is for dance, martial arts, and yoga studios. There is also the opportunity to install at least 7 windowed offices and more interior offices. The property is conveniently located within walking distance of Ashbrook Commons Shopping Center with multiple dining options and other amenities and is just down the road from One Loudoun and Route 28. The property’s Planned Development Commercial Center zoning allows for a variety of office and retail uses. Condo dues are $1,455 per month ($3.56/SF) and cover common area maintenance, repairs, and replacements along with reasonable reserves. Available For Lease - $19.00/SF net of utilities & cleaning.