Bridge Investment Group Acquires Reston Property From Seller Through John's Broker For $54M
SOLD
$54,000,000
Virginia
See Similar DealsOffice255,000 SF
SOLD
Bridge Investment Group Acquires Reston Property From Seller Through John's Broker For $54M
11130 Sunrise Valley Dr, Reston, VA...
See Similar DealsOffice255,000 SF
Summary
VIRGINIA
Asset Type:Office
Price Per Square Foot:$211
Total Square Footage:255,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,880,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$191,850.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$255,987.55
Annual Debt Service$3,071,850.59
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