Fairfax Radiological Leases Medical Office In Locust Grove From KBS REIT II
8260 Willow Oaks Corporate Dr, Fairfa...
Building Size
23,829 SF
Asset Type
Medical Office
Closing
Jun 18, 2019
AI
The leased property, a Medical Office located at 8260 Willow Oaks Corporate Dr in Fairfax, spans 23,829 square feet. The lease was executed on June 18, 2019, in Locust Grove. The tenant, Fairfax Radiological, secured the space as their new location. The landlord, KBS Real Estate Investment Trust II, facilitated the lease agreement. Notable tenant representatives included Mark Robertson from NAI Capital and Mark Roberts from Keller Williams.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not Applicable
- Address: 8260 Willow Oaks Corporate Dr, Fairfax
- Market: Locust Grove
- Tenant: Fairfax Radiological
- Landlord: KBS Real Estate Investment Trust II
- Square Feet: 23,829
- Tenant's Rep: Mark Robertson(NAI Capital), Mark Roberts(Keller Williams)
The successful leasing transaction of the Medical Office at 8260 Willow Oaks Corporate Dr was orchestrated by the tenant's representatives, Mark Robertson and Mark Roberts, ensuring a seamless agreement between Fairfax Radiological and KBS Real Estate Investment Trust II.
Players
Locust Grove Medical Office Market Snapshot
Boundary boundary · Medical Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93