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2301 Gallows Road

Vinci School Acquires Office Property At 2301 Gallows Road For $4.25 Million
SOLDOffice

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

Jesse Martin

KLNB

Broker

$4.3M

vol

1 deal

Broker

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