Ox Hill Companies Secures $31M Loan For City Centre West Acquisition In Fairfax, VA

Ox Hill Companies has secured a $31 million acquisition financing deal for the purchase of City Centre West, a development site in Fairfax, Virginia. The property is located at 10501 Main Street, 10515 Main Street, and 10523 Main Street, with a total area of 1.78 acres. The development site has a buildable square footage (BSF) of 210,472.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $31,000,000
• Address: 10501 Main Street, 10515 Main Street & 10523 Main Street
• Market: Fairfax, VA
• BSF: 210,472
• Acres: 1.78

The acquisition financing deal was facilitated by Frederick Garnes of the Ox Hill Companies. Gary Sefcik from Marcus & Millichap served as the broker in the transaction. The loan amount for the deal is $31 million, with a two-year, interest-only repayment term.

NOTE: Ox Hill Companies has secured a $31 million acquisition financing deal for the purchase of City Centre West and an office asset in Fairfax, Virginia.