Investment Property On Market
For Sale Office

1191 Central Park Blvd

1191 Central Park Blvd, Fredericksburg, VA 22401 United States
Investment Property On Market
For Sale Office

1191 Central Park Blvd

1191 Central Park Blvd, Fredericksburg, VA 22401 United States
Building Size
29,000 SF
Lot Size
4.08 Acres
Built
1996
Building Size
29,000 SF
Lot Size
4.08 Acres
Built
1996

OVERVIEW

Cushman & Wakefield | Thalhimer is pleased to exclusively offer for sale 1191 Central Park Boulevard in Fredericksburg, Virginia (the “Property”), a rare opportunity to acquire one of the City of Fredericksburg’s largest single-tenant office buildings. The Property is 100% triple-net leased to QRC Technologies (“QRC”), a wholly owned subsidiary of Parsons Corporation (NYSE: PSN) (“Parsons”), a Fortune 1000 company with a market capitalization of approximately $6.36 billion. Parsons Corporation has recently invested into the Property to accommodate a consolidation of their other regional offices in the region.

CONTACT

Key Features
  • The Property is a single-story, Class A office building of approximately 29,000 square feet. Originally constructed in 1996, it was fully renovated and repositioned in 2018-2019 to meet the specific requirements of the Tenant. The Property sits on two parcels totaling 4.08 acres: one of 2.00 acres with 83 parking spaces and one of 2.08 acres with 252 parking spaces. Two adjacent parcels of 0.77 and 1.60 acres, with 49 and 197 spaces respectively, are secured under a perpetual CrossAccess and Cross-Parking Easement. Together these provide a parking ratio of 13.83 spaces per 1,000 SF, well above the market standard. QRC’s long operating history, specialized product portfolio, established Fredericksburg headquarters, alignment with mission-critical government programs, and proximity to major U.S. military commands make for a compelling tenant profile for real estate investors.

Details

Building Size:
29,000 SF
Sale Price:
$8,500,000 USD
Lot Size:
4.08 Acres
Year Built:
1996

CONTACT

1191 Central Park Blvd

LOCATION

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