Marcus & Millichap Capital Secures $31M Loan For Acquisition Of Development Site In Fairfax, VA

Marcus & Millichap Capital Corporation (MMCC) secured $31 million in acquisition financing for the purchase of City Centre West, a development site, and an office asset in Fairfax, Virginia. The property is located at 10501-10523 Main Street & 4031 University Drive and spans 210,472 square feet on 1.78 acres. The loan was obtained by the buyer, Ox Hill Companies, for the acquisition of the property.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $31,000,000
• Address: 10501-10523 Main Street & 4031 University Drive
• Market: Fairfax, VA
• Landlord: Ox Hill Companies

Gary Sefcik from Marcus & Millichap represented the buyer, Ox Hill Companies, in the acquisition financing deal. Marcus & Millichap Capital Corporation (MMCC) acted as the broker for the transaction. The financing secured by MMCC will enable Ox Hill Companies to proceed with the purchase of City Centre West, a highly sought-after development site and office asset in Fairfax, Virginia.