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13832 Redskin Drive Herndon...

Updated Oct 29, 2024

Former Washington Commanders’ Practice Facility In Herndon, VA Sold To Starwood Capital Group For $25M
SOLDIndustrial

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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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

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