Patrick Sullivan Of Insight Property Group Acquires Office Building In Alexandria For $7.1M
2051 Jamieson Avenue
$7,100,000
$48/SF
Building Size
147,000 SF
Asset Type
Office
Closing
Sep 18, 2026
About this deal
AI
2051 Jamieson Avenue is an office asset located in Alexandria, VA, spanning 147,000 square feet. This six-story building was sold for $7,100,000, translating to a price per square foot of $48.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $7,100,000
- Buyer: Patrick Sullivan - Insight Property Group
- Seller: James Campbell Company
- Square Footage: 147,000
- Price per Square Foot: $48
Insight Property Group, represented by Patrick Sullivan, acquired the property with intentions to convert it into 181-187 apartments following the purchase from James Campbell Company.
On the Map
$7,100,000
$48/SF
Office
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Alexandria 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93