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901 Follin Lane Southeast

Navy Federal Credit Union Purchases Office Building In Vienna For $12 Million From Zalco Commercial
SOLDNursing Home

Navy Federal Credit Union Purchases Office Building In Vienna For $12 Million From Zalco Commercial

901 Follin Lane Southeast

$12,000,000

$120/SF

Building Size

100,000 SF

Asset Type

Nursing Home

Closing

Mar 3, 2026

AI

Navy Federal Credit Union purchased a vacant office building at 901 Follin Lane Southeast in Vienna, VA. The transaction involved an asset priced at $12 million, encompassing a total area of 100,000 square feet. The property is situated on 9.12 acres.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: $12,000,000
  • Sale Date: 03/03/2026
  • Address: 901 Follin Lane Southeast
  • Market: Vienna, VA
  • Square Footage: 100,000
  • Price Per Square Foot: $120
  • Buyer: Navy Federal Credit Union
  • Seller: Zalco Commercial
  • Brokers: Gene Sachs, Rich Rhodes & Daniel Silverman - Cresa

Cresa brokers Gene Sachs, Rich Rhodes, and Daniel Silverman represented Navy Federal Credit Union during the transaction, facilitating the acquisition of the office asset from Zalco Commercial.

Players

Rich Rhodes

Cresa

Broker

$12M

vol

1 deal

Broker
NU
Navy Federal Credit UnionBuyer
ZC
Zalco CommercialSeller

Vienna Nursing Home Market Snapshot

Boundary boundary · Nursing Home · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.32%

Cash-on-Cash

-0.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93