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Galloway Group, Inc. Acquires Industrial Property In Fairfax, VA For $7.5M

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FINANCED
$7,500,000
Malcolm Shaw
William (Bill) Wrench II

Virginia

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Industrial17,291 SF
Financed 11/12/2021
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FINANCED

Galloway Group, Inc. Acquires Industrial Property In Fairfax, VA For $7.5M

3154 Spring Street, Fairfax, VA, USA

See Similar Deals
Industrial17,291 SF
Financed 11/12/2021
Malcolm Shaw
William (Bill) Wrench II
the dealplayerscompscontact
Contact now

Summary

VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$433
Total Square Footage:17,291 SF
Transaction Type:Loan

Located at 3154-3158 Spring St in Fairfax, Virginia, this industrial property spans across 2.8 acres. The transaction took place on November 12, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $7,500,000
  • Address: 3154-3158 Spring St, Fairfax, VA
  • Market: Fairfax, Va
  • Lender: FVC Bank
  • Mortgage Brokers: Malcolm Shaw & Bill Wrench - Phillips Realty Capital
  • Buyer: Galloway Group, Inc. - George Galloway
  • Seller: Merrifield Circle Corporation
  • Broker: Next-Realty Mid-Atlantic

The lending institution for this transaction was FVC Bank. Malcolm Shaw & Bill Wrench from Phillips Realty Capital served as the mortgage brokers. The buyer, George Galloway, represented the Galloway Group, Inc. while the seller was the Merrifield Circle Corporation. Next-Realty Mid-Atlantic acted as the broker in this deal.

Players

William (Bill) Wrench II
William Wrench II
2 deals$103.7M volume
BROKER
Malcolm Shaw
Malcolm Shaw
1 deal$7.5M volume
BROKER

Details

FINANCED
IMAGE: Malcolm Shaw & Bill Wrench DATE: 11/12/2021 ADDRESS: 3154-3158 Spring St MARKET: Fairfax, Va ASSET TYPE: Industrial ~ ACRES: 2.8 LENDER: FVC Bank MORTGAGE BROKERS: Malcolm Shaw & Bill Wrench - Phillips Realty Capital BUYER: Galloway Group, Inc. - George Galloway SELLER: Merrifield Circle Corporation BROKER: Next-Realty Mid-Atlantic LOAN AMOUNT: $7,500,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$7,500,000.00

Monthly NOI$50,000.00
Monthly Debt Service$47,405.10
Change in Cash Flow$0.00
Refinance Proceeds$0.00