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1840 Wilson BLVD, Arlington...

Fortis Companies Acquires Property In Arlington For $14 Million With CBRE As Seller's Representative
SOLDCommercial

Fortis Companies Acquires Property In Arlington For $14 Million With CBRE As Seller's Representative

1840 Wilson BLVD, Arlington, VA, 22201

$14,000,000

Building Size

Asset Type

Commercial

Closing

Jan 12, 2023

AI

The property asset involved in the transaction is located at 1840 Wilson BLVD, Arlington, VA, 22201. It was sold for a transaction amount of $14,000,000.00. The size of the property is not specified in square footage, and it is situated within the Arlington market.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $14,000,000.00
  • Address: 1840 Wilson BLVD, Arlington, VA, 22201
  • Market: Arlington
  • Seller's Representative: Dean Stiles, John Sheridan - CBRE
  • Buyer: Fortis Companies

The transaction involved the participation of Dean Stiles and John Sheridan from CBRE, representing the seller. Fortis Companies acted as the buyer in this deal, facilitating the transfer of ownership for the specified property.

Players

Dean Stiles

CBRE

Broker

$28M

vol

2 deals

Broker
FC
Fortis CompaniesBuyer

Arlington Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93