Monday Properties Acquires Office Building In Arlington, VA For $118M
1100 North Glebe Road, Arlington, VA, USA
$118,000,000
$357/SF
Building Size
330,000 SF
Asset Type
Office
Closing
Nov 19, 2021
AI
The 330,000 square foot office property located at 1100 North Glebe Road in Arlington, VA was recently sold for a total of $118,000,000. The sale was completed on November 19, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $118,000,000
- Address: 1100 North Glebe Road, Arlington, VA
- Market: Arlington, VA
The buyer of the property was Monday Properties, represented by Jennifer Burns and Cliff Cummings. The seller was AEW Capital Management. The brokerage team that facilitated the transaction consisted of Drew Flood, Bill Collins, and Paul Collins from Cushman & Wakefield.
Players
Arlington 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93