Bridge Investment Group Acquires Reston Property From Seller Through John's Broker For $54M
11130 Sunrise Valley Dr, Reston, VA...
$54,000,000
$211/SF
Building Size
255,000 SF
Asset Type
Office
Closing
Nov 19, 2023
About this deal
AI
The property asset involved in the transaction is located at 11130 Sunrise Valley Dr, Reston, VA. The sale price for the property was $54,000,000.00, and it encompasses a total area of 255,000 square feet within the Reston market.
Summary of transaction details:
- Property Type: Not specified
- Transaction Amount: $54,000,000.00
- Address: 11130 Sunrise Valley Dr, Reston, VA
- Market: Reston
- Square Footage: 255,000
- Seller's Representative: John A. (Drew) Flood - Cushman & Wakefield
- Buyer: Bridge Investment Group
This transaction involved key participants, including the seller's representative, John A. (Drew) Flood from Cushman & Wakefield, who facilitated the deal. The buyer of the property is Bridge Investment Group.
Players
Reston 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93