Contacts
Deborah K. Stearns
Jones Lang LaSalle
(757) 961-3245
Wesley Edwards
Jones Lang LaSalle
(757) 287-4953
Property Details
- Property Type Office
- Property Size 5,520 SF
- Lot Size 0.53 Acre
- Parking Spaces Avail. 18
- Parking Ratio 3.26 / 1,000 SF
- Year Built 2002
- Date Updated Mar 25, 2024
The property is entirely leased by the US Social Security Administration, whose lease commenced on June 1, 2022 for a term of 15 years with a termination option after 10 years. The “Shell Rent” is $83,517.60 ($15.13 per rentable square foot) with escalations of 12.5 percent every fifth year and includes a base year amount for real estate taxes, with the tenant responsible for any increases. The tenant also pays $25,408.89 annually ($4.60 per rentable square foot) as additional “Improvement Rent” for $199,632.00 of tenant improvement costs amortized over the 10-year firm term at 5.0 percent. Operating costs are reimbursed at $6.13 per rentable square foot for the base year, which adjusts at each anniversary of lease commencement by the change in the Consumer Price Index for Urban Wage Earners and Clerical Workers (up 3.6 percent for May 2023.) Otherwise, lease terms are standard for General Services Administration leases.
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Getting around
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68/100
Walk Score ®
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36/100
Bike Score ®
Location
- City Culpeper, VA
- Neighborhood Culpeper
- Zip Code 22701
Points of Interest
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Culpeper
0.55 miles
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BP
0.19 miles
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Shell
0.26 miles
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Citgo
0.30 miles
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Exxon
0.87 miles
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7-Eleven
0.95 miles
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7-Eleven
1.08 miles
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Shell
1.32 miles
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7-Eleven
1.36 miles
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Mosby Meadow Market
1.70 miles
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Walmart
1.83 miles
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Culpeper Center
0.48 miles
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Suites at 249
0.54 miles
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Holiday Inn Express & Suites Culpeper
1.25 miles
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Quality Inn
1.35 miles
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Red Roof Inn Culpeper
1.40 miles
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Microtel Inn & Suites by Wyndham Culpeper
1.41 miles
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Red Carpet Inn & Suites
1.61 miles
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The Melody Rose Cabin
7.04 miles
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Safeway
0.35 miles
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Weis
0.80 miles
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Weis
1.05 miles
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Kohl's
1.64 miles
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TJ Maxx
1.66 miles
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Walmart Supercenter
1.78 miles
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Big Lots
1.85 miles
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Lidl
1.96 miles
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Target
2.14 miles
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ALDI
2.23 miles
In-Depth Research Available for this Property
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