Updated Oct 29, 2024
Former Washington Commanders’ Practice Facility In Herndon, VA Sold To Starwood Capital Group For $25M
13832 Redskin Drive Herndon, Virginia 20171, USA
$25,000,000
Building Size
—
Asset Type
Industrial
Closing
Jul 7, 2023
About this deal
AI
The former Washington Commanders’ practice facility in Herndon, located at 13832 Redskin Drive, has been sold. The industrial property was acquired by Starwood Capital Group for a total of $25,000,000. The transaction took place on July 7, 2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $25,000,000
- Address: 13832 Redskin Drive, Herndon, VA
- Seller: Word of Grace Christian Church
- Buyer: 13832 Redskin Acquisition GP LLP
Starwood Capital Group successfully purchased the former Washington Commanders’ practice facility in Herndon for $25 million. The transaction was completed on July 7, 2023, with Word of Grace Christian Church as the seller and 13832 Redskin Acquisition GP LLP as the buyer. This acquisition adds to Starwood Capital Group's portfolio of industrial properties, solidifying its presence in the market.
Players
Herndon Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93