Medical Office Building Sold In Fairfax VA For $7.85M With KLNB Brokers Joe Friedman & Joshua Norwitz

A 54,085-square-foot medical office building was sold for $7,850,000 located at 8500 Executive Park Avenue in Fairfax, VA. The sale reflects the strong demand for medical office properties in Northern Virginia amidst challenges in the broader office market.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $7,850,000
• Address: 8500 Executive Park Avenue
• Market: Fairfax, VA
• Square Footage: 54,085
• Price Per Square Foot: $145
• Brokers: Joe Friedman & Joshua Norwitz - KLNB

KLNB facilitated the sale, highlighting plans for increasing medical occupancy in the building, which underscores the ongoing interest in medical office assets within the region.