Updated Mar 4, 2026
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
About this deal
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
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