C2 Education Acquires Office Building In McLean For $5M
1311a Dolley Madison Blvd, McLean, VA, USA
$5,000,000
$298/SF
Building Size
16,756 SF
Asset Type
Office
Closing
Nov 25, 2021
About this deal
AI
Located at 1311A Dolley Madison Blvd in McLean, this office property was recently sold in a closed transaction. The property covers an area of 16,756 square feet and was sold for a total price of $5,000,000, resulting in a price per square foot of $298. The sale took place on November 25, 2021. The buyer of the property is C2 Education, represented by Sang Mun Kim and Jinsil Kim. The broker involved in the deal is Veronica Kamara from KLNB.
Summary of transation details
- Property Type: Office
- Transaction Amount: $5,000,000
- Square Footage: 16,756
- Price per Square Foot: $298
- Address: 1311A Dolley Madison Blvd.
- Market: McLean
- Buyer: C2 Education - Sang Mun Kim & Jinsil Kim
- Broker: Veronica Kamara - KLNB
Veronica Kamara from KLNB represented the buyer, C2 Education, in this transaction. C2 Education is a company owned by Sang Mun Kim and Jinsil Kim. The successful sale of this office property highlights their commitment to expanding their real estate portfolio. The transaction demonstrates a continued growth in the McLean market for office spaces.
Players
Mc Lean 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93