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24801 Pinebrook Road

Elliott Bay Capital Trust Acquires Medical Office In Chantilly VA For $9.2M
SOLDMedical Office

Elliott Bay Capital Trust Acquires Medical Office In Chantilly VA For $9.2M

24801 Pinebrook Road

$9,200,000

$427/SF

Building Size

21,540 SF

Asset Type

Medical Office

Closing

Jan 10, 2025

AI

A medical office building located at 24801 Pinebrook Road in Chantilly, VA was sold for $9,200,000. The property encompasses 21,540 square feet and is fully leased to Inova Health System, with a price per square foot of $427.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $9,200,000
  • Square Footage: 21,540
  • Address: 24801 Pinebrook Road
  • Market: Chantilly, VA
  • Price Per Square Foot: $427
  • Buyer: Elliott Bay Capital Trust
  • Broker Representation: Joe Friedman & Joshua Norwitz - KLNB

Joe Friedman and Joshua Norwitz of KLNB represented the seller in the transaction, facilitating the sale of the medical office building to Elliott Bay Capital Trust.

Players

Joe Friedman

KLNB

Broker

$131M

vol

11 deals

Broker

Chantilly 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

1.72%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93