Updated Oct 29, 2024
Aria Development Group Acquires Commercial Property In Arlington, VA For $11.2M
4420 Fairfax Drive Arlington, Virginia 22203, USA
$11,200,000
Building Size
—
Asset Type
Commercial
Closing
May 25, 2023
About this deal
AI
A commercial property located at 4420 Fairfax Drive in Arlington, VA has been sold for a price of $11,200,000. The property was acquired by the Aria Development Group. The transaction was facilitated by brokers Eric Berkman and Kevin Sidney from Cushman & Wakefield.
Summary of Transaction Details:
- Property Type: Commercial
- Transaction Amount: $11,200,000
- Address: 4420 Fairfax Drive, Arlington, VA
- Market: Arlington, VA
- Buyer: Aria Development Group - Joshua Benaim
- Brokers: Eric Berkman & Kevin Sidney - Cushman & Wakefield
The Aria Development Group, led by Joshua Benaim, successfully completed the purchase of the commercial property at 4420 Fairfax Drive. The transaction was overseen by Eric Berkman and Kevin Sidney, who represented the buyer as brokers from Cushman & Wakefield.
On the Map
$11,200,000
Commercial
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Players
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
1.42%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93