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Ashburn Medical Office Sold For $8.5M Cash With Buyer's Rep Andrew Fallon & Seller's Rep Danny Booker
SOLD
$8,500,000
+ 2
Virginia
See Similar DealsMedical Office12,580 SF
Sold
SOLD
Ashburn Medical Office Sold For $8.5M Cash With Buyer's Rep Andrew Fallon & Seller's Rep Danny Booker
Medical Office12,580 SF
Sold
+ 2
Summary
Asset Type:Medical Office
Price Per Square Foot:$675
Total Square Footage:12580 SF
Transaction Type:Sale
A 12,580-square-foot medical office building located at 20041 Harry Byrd Hwy in Ashburn, VA, has been sold in an all-cash transaction for $8.5 million. The property, which houses OrthoVirginia, was purchased by an undisclosed buyer.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $8,500,000
- SF: 12,580
- PPSF: $676
- Address: 20041 Harry Byrd Hwy, Ashburn, VA
- Market: Ashburn, VA
The buyer was represented by Andrew Fallon and Philip Wellde from SRS Real Estate Partners, while the seller was represented by Danny Booker, Douglas D. Olson, and Rich Sillery from Monument Realty. The sale marks the successful transfer of the medical office building.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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