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Elliott Bay Capital Trust Acquires Medical Office In Chantilly VA For $9.2M
SOLD
$9,200,000
Virginia
See Similar DealsMedical Office21,540 SF
Sold
SOLD
Elliott Bay Capital Trust Acquires Medical Office In Chantilly VA For $9.2M
24801 Pinebrook Road
See Similar DealsMedical Office21,540 SF
Sold
Summary
VIRGINIA
Asset Type:Medical Office
Price Per Square Foot:$427
Total Square Footage:21540 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$490,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,685.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,612.69
Annual Debt Service$523,352.32
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