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1900 Gallows Rd, Vienna, VA...

Foulger-Pratt Purchases 210000 SF Property At 1900 Gallows Rd Vienna With James Cassidy As Seller's Rep
SOLDOffice

Foulger-Pratt Purchases 210000 SF Property At 1900 Gallows Rd Vienna With James Cassidy As Seller's Rep

1900 Gallows Rd, Vienna, VA, 22182

Building Size

210,000 SF

Asset Type

Office

Closing

Sep 19, 2019

AI

The property involved in the transaction is an office building located at 1900 Gallows Rd, Vienna, VA, 22182. It encompasses 210,000 square feet and is situated in the Vienna market. The asset was previously owned by Brandywine Realty Trust, who completed a renovation of an entire floor of the building, creating ready-to-occupy “spec suites” that range from 2,500 to 3,500 square feet.

Summary of transaction details:

  • Property Type: Office Building
  • Transaction Amount: Not disclosed
  • Square Footage: 210,000
  • Address: 1900 Gallows Rd, Vienna, VA, 22182
  • Market: Vienna
  • Seller's Representative: James Cassidy - Newmark
  • Buyer: Foulger-Pratt

Jud Ryan and James Cassidy, executive managing directors at Newmark Knight Frank, facilitated the sale on behalf of Brandywine Realty Trust. The transaction garnered significant interest from various investors, attributed to the potential for rent increases of up to 40 percent through strategic capital investments in the building.

Players

James Cassidy

Newmark

Broker

$1.1B

vol

13 deals

Broker
F
Foulger-PrattBuyer

Vienna 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93