Air & Space Forces Association Sells Arlington Office Building For $16.2M

The Air & Space Forces Association has sold its aging office building located at 1501 Langston Boulevard in Arlington, VA. The property, consisting of 85,000 square feet, was sold for a total amount of $16,250,000. This translates to a price per square foot of $191. The sale of the office building marks the Association's plans to relocate to a more modern space.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $16,250,000
• Square Footage: 85,000
• Price per Square Foot: $191
• Address: 1501 Langston Boulevard
• Market: Arlington, VA

The sale of the office building was facilitated by two broker teams. Mindy Saffer and Natalie Gosnell represented the Air & Space Forces Association in the deal through Cresa, while Matt Pacinelli and Charlie Smiroldo represented the transaction on behalf of Stream Realty Partners.