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20041 Harry Byrd Highway

Ashburn Medical Office Sold For $8.5M Cash With Buyer's Rep Andrew Fallon & Seller's Rep Danny Booker
SOLDMedical Office

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

Andrew Fallon

SRS Real Estate Partners

Broker

$141.3M

vol

15 deals

Broker

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