Medical Office Building Portfolio
Portfolio Summery
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
ACCEPTING OFFERS
Burke Medical Center
13350 Franklin Farm Road Herndon, Virginia 20171
6035 Burke Centre ParkwayBurke, Virginia 22015
Franklin Farm Medical Center
Franklin Farms Medical Center & Burke Medical Center
Portfolio Summery
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
PORTFOLIO SUMMERY
Verity Commercial, LLC is pleased to offer two Fairfax County Medical Buildings for sale.
This is a rare opportunity to acquire two 100% leased medical office buildings just outside of Washington D.C. in one of the most affluent Counties in America, Fairfax County Virginia. The portfolio consists of approximately 50,000 square feet of quality medical facilities. Each building has reputable and award winning tenants that have leases that will provide stable cash flow for years to come. The projected net operating income in January 2016 is approximately one million one hundred thirty thousand dollars ($1,130,000). Both buildings are strategically located within their communities adjacent to Giant Grocery anchored shopping centers.
Franklin Farm Medical Center is a 23,000 square foot medical and surgical facility located in Herndon, Virginia that boast’s a rare state of the art surgical facility built out in 2014. This asset will produce a projected net operating income of $530,000 starting January of 2016. Franklin Farm Medical Center is host to Ortho Virginia which is the largest orthopedic physician specialty group in Virginia that sees close to 200,000 patients annually. The building is not only highly visible from the Fairfax County Parkway but is adjacent to Franklin Farm Village Center that includes 30 brand name retail and dining facilities. Franklin Farm is rare commercially zoned parcel in the residential neighborhoods of Herndon, Virginia.
Burke Medical Center is a 27,000 square foot medical office building located in Burke, Virginia that offers a diversified and staggered rent roll of 10 tenants that produces a projected net operating income of $600,000 starting January of 2016. No one tenant occupies more 4,500 square feet of space in the building, which offers a safe diversified rent roll. The building situated in a superior strategic location with its adjacent neighbors being a Kaiser Permanente and the Burke Centre Town Center which is a 100,000 square foot shopping center that host’s national and regional tenants such as Giant Groceries, Starbucks and BB&T.
Fairfax County, Virginia, which both buildings are located, has an outstanding economic foundation that contribute to keeping these assets producing cash flow for decades to come. The county has an unemployment rate of a mere 3.6% and high median income of $111,614 annually. Fairfax County Residents spend $3.5 Billion dollars annually on health care, which ranks as one of the highest indexes of healthcare expenditures in the Nation.
To receive an offering memorandum please e-mail [email protected] with the principle and brokers information.
FRANKLIN FARM MEDICAL CENTER 13350 Franklin Farm Road Herndon, VA 20171
OFFERING MEMORANDUM
K en T [email protected]
Skip [email protected]
Josh [email protected]
Verity Commercial, LLC1821 Michael Faraday Drive Suite 208Reston, VA 20190703-435-4007www.VerityCommercial.com
Franklin Farm Medical Center
CONFIDENTIALITY AGREEMENT FRANKLIN FARM MEDICAL CENTER
TO OBTAIN A CONFIDENTIAL MEMORANDUM intended solely for your limited use to determine whether you wish to express an interest in Franklin Farm Medical Center located in Herndon, Virginia, as more particularly described herein ("Property"). This confidential memorandum contains brief, selected information pertaining to the Property and has been prepared by, Verity Commercial, LLC the exclusive agent for the property owner ("Owner'), primarily from information supplied by the Owner. Although representatives of the Owner have reviewed this confidential memorandum, it does not intend to be an all-inclusive or contain all of the information that a potential investor may desire. Neither the Owner, nor any of its members, officers, employees or agents, nor Verity Commercial, LLC make any representation or warranty, expressed or implied, as to the accuracy or completeness of any information contained herein. The Owner and Verity Commercial, LLC disclaims any liability which may be based on such information, errors therein, or omissions therefrom. All financial data contained herein is unaudited. The projections and the Pro-forma information contained herein represent estimates based on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that the actual results will conform to such projections. There is no representation as to the environmental conditions of the Property, or to any aspect of the Property.
By your receipt of this confidentiality memorandum, you agree that the memorandum and the information contained herein are of a confidential nature and that you will hold and treat them in the strictest of confidence, and that you will not, directly or indirectly, disclose or permit anyone else to disclose this memorandum or any part of the contents in any fashion or manner detrimental to the interest of the Owner.
Further, you agree not to discuss the memorandum with any other institution, potential investor or tenant without the express permission of Verity Commercial, LLC and the Owner. Upon request, the recipient will promptly return the confidential, memorandum and any other, materials received from the Owner or Verity Commercial, LLC without retaining any copies thereof. This confidential memorandum shall not be deemed to be an indication of the state of affairs of the Owner or constitute an indication that there has been no change in the business or affairs of the Property since the date of preparation of this memorandum. Neither the Owner nor Verity Commercial, LLC undertakes any obligation to provide additional information or to correct or update any of the information contained in this confidential memorandum.
To obtain a offering memorandum please e-mail [email protected] with Principle and Brokers information.
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy. 13350 Franklin Farm Road Herndon, Virginia 20171
Franklin Farm Medical Center
Investment Summary Price
Projected NOI (January 2016)
Occupancy
Building Size
Land Area
INVESTMENT HIGHLIGHTS
Call for Offers
$530,000 100.00%
22,833 SF64,394 SF
• 1 00% Leased to 4 Tenants• Ortho Virginia, the largest orthopedic specialist group in Virginia, leases 85% of
the building and the current lease runs through December of 2023• Rare and highly sought after State of the Art On-site Surgical Center that was built
out in 2014• Demonstrated strong tenant retention and 98% historical occupancy• New roof installed in 2014• Strategically located next to a 137,000 square foot shopping center anchored by
Giant Grocery• Excellent visibility and access from the Fairfax County Parkway• lnova Fair Oaks Hospital is just 3 miles away• Local Unemployment rate of only 3.6%• One of the highest median household incomes in the nation at $111,614
annually• $3.5 Billion spent by Fairfax County households on health care annually
ASSET DESCRIPTION
Fully leased, 22,833 square foot medical building located in the heart of Fairfax County. The building not only has medical suites but also has a state of the art on site surgical center that creates high demand for this building. This visible medical center host the award winning Ortho Virginia which is the largest orthopedic physician specialty group in Virginia. Ortho Virginia sees close to 200,000 patients per year. Ortho Virginia has been a tenant in the building since 1998 and their current lease for 19,417 SF (85%) of the building runs through December 31,2023.
Its Fairfax Virginia location boast the one of countries lowest unemployment rates at 3.6% and has a annual median income of $111,614. It is located just three miles from lnova Fair Oaks Hospital which is a 182-bed acute care hospital ranked as one of US News best hospitals.
Franklin Farm Professional Center is located adjacent to the 137,000 square foot Franklin Farm Village Center. The Giant anchored shopping center is located conveniently at the lighted intersection of Fairfax County Parkway and Franklin Farm Road, two of the area’s most highly traveled roads with over 55,000 daily travelers. The entire site is highly visible and convenient from the Fairfax County Parkway providing customers with a one-stop full service shopping destination. Franklin Farm Village Center includes 30 retail and dining options featuring Giant Food, Sears, Chipotle, Subway, and other retail options providing unparalleled convenience for residents, visitors, and tenants.
Franklin Farm Medical Center is a rare commercially zoned parcel situated in the residential neighborhoods of Herndon, Virginia. Competing space is very limited . The asset is well positioned to benefit from the growing and aging residential population.
13350 Franklin Farm Road Herndon, Virginia 20171 The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
BURKE MEDICAL CENTER 6035 Burke Centre Parkway Burke, VA 22015
OFFERING MEMORANDUM
KenTraenkle [email protected]
Skip [email protected]
Josh [email protected]
Verity Commercial, LLC1821 Michael Faraday Drive Suite 208Reston, VA 20190703-435-4007www.VerityCommercial.com
Burke Medical Center
CONFIDENTIALITY AGREEMENT BURKE MEDICAL CENTER
6035 Burke Centre Parkway Burke, Virginia 22015
TO OBTAIN A C ONFIDENTIAL MEMORANDUM intended solely for your limited use to determine whether you wish to express an interest in Burke Medical Center located in Burke, Virginia, as more particularly described herein ("Property"). This confidential memorandum contains brief, selected information pertaining to the Property and has been prepared by, Verity Commercial, LLC, the exclusive agent for the property owner ("Owner'), primarily from information supplied by the Owner. Although representatives of the Owner have reviewed this confidential memorandum, it does not intend to be all-inclusive or contain all of the information that a potential investor may desire. Neither the Owner, nor any of its members, officers, directors, employees or agents, nor Verity Commercial, LLC make any representation or warranty, expressed or implied, as to the accuracy or completeness of any information contained herein. Each of the Owner and Verity Commercial, LLC disclaims any liability which may be based on such information, errors therein, or omissions therefrom. All financial data contained herein is unaudited. The projections and the Pro-forma information contained herein represent estimates based on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that the actual results will conform to such projections. There is no representation as to the environmental conditions of the Property, or to any aspect of the Property.
By your receipt of the con�dentiality memorandum, you agree that the memorandum and the information contained herein are of a con�dential nature and that you will hold and treat them in the strictest of confidence, and that you will not, directly or indirectly, disclose or permit anyone else to disclose this memorandum or any part of the contents in any fashion or manner detrimental to the interest of the Owner.
Further, you agree not to discuss the memorandum with any other institution, potential investor or tenant without the express permission of Verity Commercial, LLC and the Owner. Upon request, the recipient will promptly return the confidential, memorandum and any other, materials received from the Owner or Verity Commercial, LLC without retaining any copies thereof. The con�dential memorandum shall not be deemed to be an indication of the state of affairs of the Owner or constitute an indication that there has been no change in the business or
f the Property since the date of preparation of this memorandum. Neither the Owner nor Verity Commercial, LLC undertakes any obligation to provide additional information or to correct or update any of the information contained in the confidential memorandum.
To obtain a offering memorandum please e-mail [email protected] with the Principal and Brokers information.
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
Burke Medical Center
Investment Summary Price Projected NOI January 2016
Building Size Land Area
Investment Highlights
Call for O ffers $600,000 100.00% 26,934 SF 72,389 SF
• 100% Leased
• Staggered and diversified rent roll comprised of 10 tenants. No one tenant occupies more than 4,500 square feet of the building
• Strategically located next to a 100,000 square foot shopping center anchored by Giant Grocery
• Extremely low sub -market vacancy rate of 3.6%
• Adjacent to Kaiser Permanente Building
• 3.6% Unemployment Rate for the County
• One of the highest median household Incomes in the nation at $111,614 annually
• $3.5 Billion spent by Fairfax County households on health care annually
Asset Description
..
6035 Burke Centre Parkway Burke, Virginia 22015
The information above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its accuracy.
Occupancy
This 26,934 square foot Fairfax County medical office building is well located within the Burke Town Center and adjacent to Kaiser Permanente. This asset offers a rare opportunity to own a 100% leased building in a desirable and supply constraint sub-market. Current demographics are strong and this sub-market should be one of the fastest growing sub-markets in the County. This is an opportunity for a stable cash flow investment with a diverse tenant mix and staggered rent rolls with no tenant occupying more than 17% of the building.
Fairfax Virginia is one of the most affluent counties in the nation. The local unemployment rate is a mere 3.6% and the median income is $111,614 annually. County residents spend $3. 5 Billion per year on healthcare . Conveniently located in the neighborhood which benefits the practices within the building.
The building is not only located in the heart of the Burke, Virginia but is part of the Burke Centre Town Center that is anchored by Giant Food. The Burke Centre Town Center has an outstanding draw and is supported by national, regional, and local tenants. The tenants include Starbucks, WSalon, BB&T, Cafe Rio and many more.
