Andrew Tavakoli Of Tavaco Properties Purchases Office Building In Falls Church For $28.5M
3110 Fairview Park Drive
$28,500,000
$104/SF
Building Size
272,300 SF
Asset Type
Office
Closing
Aug 24, 2026
About this deal
AI
An office building located at 3110 Fairview Park Drive in Falls Church, VA, has been sold for a price of $28,500,000. The asset spans 272,300 square feet, translating to a price per square foot of $105.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $28,500,000
- Buyer: Andrew Tavakoli - Tavaco Properties
- Seller: Kevin E. Penn - James Campbell Company
- Square Footage: 272,300
- Price Per Square Foot: $105
- Market: Falls Church, VA
- Sale Date: 08/24/2026
Tavaco Properties has achieved its third discounted office purchase in the D.C. area since late 2025 with this acquisition, reflecting a strategic expansion within the market under Andrew Tavakoli's leadership.
On the Map
$28,500,000
$104/SF
Office
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Players
Falls Church 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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93