Vinci School Acquires Office Property At 2301 Gallows Road For $4.25 Million
2301 Gallows Road
$4,250,000
$214/SF
Building Size
19,809 SF
Asset Type
Office
Closing
Nov 18, 2024
AI
A two-story office property located at 2301 Gallows Road in Vienna, VA, was involved in a transaction valued at $4,250,000. The building, built in 1989, features a total square footage of 19,809 and was sold at a price per square foot of $215. It is strategically positioned near I-495 and I-66, offering access to major residential areas in Northern Virginia.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,250,000
- Address: 2301 Gallows Road
- Market: Vienna, VA
- Square Footage: 19,809
- Price per Square Foot: $215
- Buyer: Vinci School
- Seller: AveryHess Realtors
- Brokers: Jesse Martin & Todd McManus - KLNB
KLNB facilitated the transaction, representing the sale of the office property. The deal saw Vinci School acquiring the property from AveryHess Realtors, with Jesse Martin and Todd McManus acting as brokers in the negotiation process.
Players
Dunn Loring 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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93