Network Realty Partners Acquires Office Building In Fairfax, VA For $23M
10560 Arrowhead Drive, Fairfax, Virginia 22030, United States
$23,000,000
Building Size
—
Asset Type
Office
Closing
Jun 28, 2022
About this deal
AI
The office property located at 10560, 10580 & 10600 Arrowhead Drive in Fairfax, VA has been sold in a recent transaction. The property was acquired by Network Realty Partners, represented by Greg Trimmer, for a sale price of $23,000,000. The seller in this deal was KBS, with Newmark acting as their representative.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $23,000,000
- Buyer: Network Realty Partners - Greg Trimmer
- Seller: KBS
- Buyer's Representative: Jim Meisel, Matt Nicholson, Andrew Weir, Kevin Byrd & Dave Baker - JLL
- Seller's Representative: Newmark
The deal was brokered by Jim Meisel, Matt Nicholson, Andrew Weir, Kevin Byrd, and Dave Baker from JLL, who represented the buyer in the transaction.
On the Map
$23,000,000
Office
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Players
Fairfax Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93