Updated Jan 13, 2025
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
About this deal
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.
On the Map
$9,200,000
$427/SF
Medical Office
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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