46077 Lake Center Plz 20,100 SF Retail Building Sterling, VA 20165 $6,247,350 CAD ($310.81 CAD/SF)
EXECUTIVE SUMMARY
Mid-Atlantic Commercial Realty, LLC (“Mid-Atlantic”), as exclusive representative for Owner, is pleased to present this opportunity to purchase the 100% fee simple interest in the Melodee Music Building (the “Property”), a 20,000 SF standalone building located at 46077 Lake Center Plaza, Sterling, Loudoun County, Virginia. The property is 100% leased to one tenant, Melodee Music, an entity related to the owner. The Property has three floors. The northern end of the lower-level is at grade while the remaining sides are underground. The property is suitable for a variety of by right uses.. For the value-creation investor or developer that appreciates the explosive
growth in Loudoun County, the Property offers an ideal redevelopment opportunity with a unique blend of near-term upside and longer-term stability. This market has strong demographics and a geographic location that is increasingly central in Northern Virginia.
growth in Loudoun County, the Property offers an ideal redevelopment opportunity with a unique blend of near-term upside and longer-term stability. This market has strong demographics and a geographic location that is increasingly central in Northern Virginia.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,100 SF
Building Class
B
Year Built
1998
Price
$6,247,350 CAD
Price Per SF
$310.81 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
0.20
Lot Size
2.35 AC
Zoning
PDH-4 - Planned Development Housing
Parking
83 Spaces (4.15 Spaces per 1,000 SF Leased)
Frontage
90’ on Lake Center Plz
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 019-25-6778 | Improvements Assessment | $2,863,178 CAD |
| Land Assessment | $2,646,990 CAD | Total Assessment | $5,510,167 CAD |
