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Investment Property In OldTown Alexandria For Sale1 0 0 1 N . F A I R F A X S T R E E T , A L E X A N D R I A , V A 2 2 3 1 4

O F F I C E B U I L D I N G F O R S A L E

K&M Commercial Real Estate 459 Herndon Pkwy #21 Herndon, VA 20170 | 703.734.2822 | svndc.com

3PROPERTY INFORMATION

7LOCATION INFORMATION

11FINANCIAL ANALYSIS

15DEMOGRAPHICS

18ADVISOR BIOS

Confidentiality & Disclaimer

TABLE OF CONTENTS investment property in old town alexandria for sale page 2

All materials and information received or derived from K&M Commercial Real Estate its directors, officers, agents, advisors,affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, oraccuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developabilityor suitability, financial performance of the property, projected financial performance of the property for any party’s intended useor any and all other matters.

Neither K&M Commercial Real Estate its directors, officers, agents, advisors, or affiliates makes any representation or warranty,express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materialsand information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’sactive conduct of its own due diligence to determine these and other matters of significance to such party. K&M Commercial RealEstate will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct theirown inspections and investigations including through appropriate third party independent professionals selected by such party.

All financial data should be verified by the party including by obtaining and reading applicable documents and reports andconsulting appropriate independent professionals. K&M Commercial Real Estate makes no warranties and/or representationsregarding the veracity, completeness, or relevance of any financial data or assumptions. K&M Commercial Real Estate does notserve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financialperformance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates ofmarket rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at orincreased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with acertified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney.Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants andgovernmental agencies. All properties and services are marketed by K&M Commercial Real Estate in compliance with allapplicable fair housing and equal opportunity laws.

Section 1PROPERTY INFORMATION

K A Y V A N M E H R B A K H S H M A T T H E W J E N K I N S703.734.2822 [email protected] [email protected]

OFFERING SUMMARY

Sale Price: $1,650,000Cap Rate: 7.07%NOI: $116,737Lot Size: 0.0 AcresYear Built: 1982Building Size: 5,571Renovated: 2006Zoning: OCM (50) / Office

Commercial Medium (50)Zone

Market: Washington, D.C. Metro

Submarket: Alexandria

Price / SF: $296.18

K & M Commercial Real Estate, as the exclusive representative for the Owner, is pleased to present this opportunity to Purchase thisproperty which consists of a first floor 5,571± gross square foot office condominium most recently used and built out as a commercialprint shop and dentist office. The building was initially built in 1982 and was converted to office condo use in 2006. The unit currentlyconsists of a 2,632 sq/ft and 1,954 sq/ft partitioned unit. Restrooms are located in a common area hallway, which is shared with otherunits. Also, unit owner/occupant has access to an onsite fitness center with shower rooms and lockers, all located on the first floor.The interior is finished with drywall walls and acoustical tile ceilings at 10 to 12 feet height. The majority of the unit is painted concretefloors, and the offices are carpeted. The unit is heated and cooled by electric a VAV Heat Pump rooftop units and duct heaters. Allspace is fire sprinkler equipped as well. The exterior is primarily tinted glass and masonry. There are 11 underground parking spacesavailable with ample on-street parking within walking distance.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS• Print Shop: 5 Years remaining

• Dental Tenant: 10 Year Term, w/ 2 Five Year Options

• 7.0% Cap Rate

• 3% Annual Escalations for both Tenants

• Brand New Dental Office Build-Out

• Unit owner/ occupant fitness center with lockers shower rooms on 1st floor

• 11 underground parking spaces/Ample on-street parking

• Zoned OCM(50)/ Office Commercial Medium(50) Zone

EXECUTIVE SUMMARY investment property in old town alexandria for sale page 4

K & M Commercial Real Estate, as the exclusive representative for the Owner, is pleased to present this opportunityto Purchase this property which consists of a first floor 5,571± gross square foot office condominium most recentlyused and built out as a commercial print shop and dentist office. The building was initially built in 1982 and wasconverted to office condo use in 2006. The unit currently consists of a 2,632 sq/ft and 1,954 sq/ft partitioned unit.Restrooms are located in a common area hallway, which is shared with other units. Also, unit owner/occupant hasaccess to an onsite fitness center with shower rooms and lockers, all located on the first floor. The interior is finishedwith drywall walls and acoustical tile ceilings at 10 to 12 feet height. The majority of the unit is painted concretefloors, and the offices are carpeted. The unit is heated and cooled by electric a VAV Heat Pump rooftop units andduct heaters. All space is fire sprinkler equipped as well. The exterior is primarily tinted glass and masonry. There are11 underground parking spaces available with ample on-street parking within walking distance.

PROPERTY OVERVIEW

Located in the Old Town area of Alexandria, this first floor ADA accessible unit with the front of the buildingexposure will be an excellent location for your business or potential investment opportunity. It is only 10± minutes tothe 395 and 495 commuter routes for easy access by employees and customers from around the metro VA/ DCregion. Walking distance to local restaurants and retail establishments, as well as local hotels for your visiting clients.

LOCATION OVERVIEW

PROPERTY DESCRIPTION investment property in old town alexandria for sale page 5

SALE HIGHLIGHTS• Print Shop: 5 Years remaining

• Dental Tenant: 10 Year Term, w/ 2 Five Year Options

• 7.0% Cap Rate

• 3% Annual Escalations for both Tenants

• Brand New Dental Office Build-Out

• Unit owner/ occupant fitness center with lockers shower rooms on 1st floor

• 11 underground parking spaces/Ample on-street parking

• Zoned OCM(50)/ Office Commercial Medium(50) Zone

COMPLETE HIGHLIGHTS investment property in old town alexandria for sale page 6

Section 2LOCATION INFORMATION


Investment Property in OldTown Alexandria for Sale

REGIONAL MAP investment property in old town alexandria for sale page 8

LOCATION MAPS investment property in old town alexandria for sale page 9

Investment Property in OldTown Alexandria for Sale

AERIAL MAP investment property in old town alexandria for sale page 10

Section 3FINANCIAL ANALYSIS


INVESTMENT OVERVIEW

Price $1,650,000Price per SF $296.18CAP Rate 7.1%Cash-on-Cash Return (yr 1) 8.29 %Total Return (yr 1) $61,610Debt Coverage Ratio 1.41

OPERATING DATA

Gross Scheduled Income $180,601Other Income -Total Scheduled Income $180,601Vacancy Cost $0Gross Income $180,601Operating Expenses $63,864Net Operating Income $116,737Pre-Tax Cash Flow $34,196

FINANCING DATA

Down Payment $412,500Loan Amount $1,237,500Debt Service $82,541Debt Service Monthly $6,878Principal Reduction (yr 1) $27,414

FINANCIAL SUMMARY investment property in old town alexandria for sale page 12

INCOME SUMMARY PER SF

Alexandria Dental Art $95,746 $17.19Alpha Graphics $84,855 $15.23J&M Printing - -Family Dentistry - -Gross Income $180,601 $32.42

EXPENSE SUMMARY PER SF

Condo Fees $49,200 $8.83R/E Taxes $14,664 $2.63Gross Expenses $63,864 $11.46

Net Operating Income $116,737 $20.95

INCOME & EXPENSES investment property in old town alexandria for sale page 13

TENANTNAME

UNITNUMBER

UNITSIZE (SF)

LEASESTART

LEASEEND

ANNUALRENT

% OFBUILDING

PRICEPER SF/YR

Family Dentistry 100 1,954 12/01/2018 11/30/2028 $95,746 35.07 $49.00

Alpha Graphics 100A 2,632 02/14/2014 01/31/2024 $84,856 47.24 $32.24

Totals/Averages 4,586 $180,602 $39.38

RENT ROLL investment property in old town alexandria for sale page 14

Section 4DEMOGRAPHICS


1 MILE 3 MILES 5 MILES

Total population 15,390 119,878 366,183Median age 37.8 36.4 35.1Median age (Male) 37.9 36.1 34.1Median age (Female) 38.5 37.2 36.0

Total households 7,773 55,930 163,317Total persons per HH 2.0 2.1 2.2Average HH income $143,269 $116,001 $98,017Average house value $593,315 $601,014 $499,792

* Demographic data derived from 2010 US Census

DEMOGRAPHICS REPORT investment property in old town alexandria for sale page 16

POPULATION 1 MILE 3 MILES 5 MILES

Total population 15,390 119,878 366,183

Median age 37.8 36.4 35.1

Median age (Male) 37.9 36.1 34.1

Median age (Female) 38.5 37.2 36.0

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 7,773 55,930 163,317

# of persons per HH 2.0 2.1 2.2

Average HH income $143,269 $116,001 $98,017

Average house value $593,315 $601,014 $499,792

* Demographic data derived from 2010 US Census

DEMOGRAPHICS MAP investment property in old town alexandria for sale page 17

Section 5ADVISOR BIOS


459 Herndon Pkwy #21Herndon, VA 20170T 703.734.2822C [email protected] #0225084011

PROFESSIONAL BACKGROUNDKayvan Mehrbakhsh, CCIM served as Managing Director for the SVN K&M Commercial Real Estate Office in Herndon, Virginia. Theyhave rebranded their name to K&M Commercial Real Estate. Mr. Mehrbakhsh specializes in the sale and leasing of both Medicalproperties and Government properties, as well as similar transactions for office facilities outfitted with high-tech networkingsystems, in the Northern Virginia region.

Over the duration of his 19 plus year career, Mr. Mehrbakhsh has closed more than $940 million in transactions. He continues todiligently monitor market conditions to adequately advise clients and ensure that they receive fair market rates for leases, propertyinvestments, and sales.Before his service at SVN, Mr. Mehrbakhsh was an associate commercial broker at Fairfax Realty, Inc., where he provided expertadvice and served as a Broker for financial institutions, corporate landowners, and other investors.

Mr. Mehrbakhsh also has previous experience as Senior Project Manager at MCI Telecommunications where he oversaw landacquisition transactions, building design and construction, and the migration of data centers throughout both the United States andEurope.

A member of the Northern Virginia Association of Realtors, Mr. Mehrbakhsh sits as Chairman of the Associations CommercialAlliance. He has also served as president of the Mid Atlantic Real Estate Marketing Association (MAREMA) in 2007 and continues hisservice as a board member of that organization. He also maintains membership in the following organizations: International Councilof Shopping Centers (ICSC), the Realtors Land Institute, the Greater Washington Commercial Association of Realtors, and the NorthCarolina Association of Realtors.Mr. Mehrbakhsh has earned the prestigious designation of Council of Commercial Investment Member (CCIM) and currently holds aseat on the board of their Washington DC-Maryland chapter.

Mr. Mehrbakhsh received his Masters of Business Administration from American University holds a Bachelor of Science in InformationSystems from Radford University. Mr. Mehrbakhsh holds licenses in Virginia, North Carolina, Washington D.C. and Maryland.

EDUCATIONMBA - American UniversityBBA - Radford University

MEMBERSHIPS & AFFILIATIONSCCIM - Certified Commercial Investment Member

KAYVAN MEHRBAKHSHManaging Director

KAYVAN MEHRBAKHSH investment property in old town alexandria for sale page 19

459 Herndon Pkwy #21Herndon, VA 20170T 703.734.2822C [email protected] #0225211354

PROFESSIONAL BACKGROUNDMatt has over 5+ years of experience in commercial real estate, specifically in commercial brokerage. As a listing and tenantrepresentative for SVN in the Northern VA and Washington D.C. market, Matt has worked with a multitude of clients including butnot limited to project developers, investment companies, national service firms, and medical related owners/companies. Matt assistsclients with achieving desired real estate objectives, financial analysis, future market strategies and priorities, and his experienceencompasses sales and leasing expertise in office, industrial, retail and international business projects.

In addition to his expertise in the Washington D.C. Metro area Matt has produced over $75MM of real estate transactions and hasworked with the following Owners and/or Tenants: CIII Asset Management, McDonalds, Titlemax, Orr Partners, John Deere,International Association of Fire Chiefs, Metro Star Systems, Cricket Wireless, Burke and Herbert Bank, Nationwide IT Services,Northpoint, Saadeh Partners, Edward Jones Financial, Cornu Bakery, and several medical and dental clients.

Prior to joining SVN Matt had honed his skills by working in banking and lending, investment advising, and financial and operationmanagement. Matt earned his MBA degree from Seton Hill University and holds a Business Administration/Marketing degree fromCalifornia University of PA.

Matt is currently licensed in Virginia and Washington DC.

MATTHEW JENKINSSr. Investment Advisor

MATTHEW JENKINS investment property in old town alexandria for sale page 20

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