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.
Chantilly Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
Loading comparables…
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