Ashburn Medical Office Sold For $8.5M Cash With Buyer's Rep Andrew Fallon & Seller's Rep Danny Booker
$8,500,000
$675/SF
Building Size
12,580 SF
Asset Type
Medical Office
Closing
Dec 18, 2023
AI
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.
Players
Market Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93