Monday Properties Acquires Office Building In Falls Church, VA For $27.6M
3141 Fairview Park Drive, Falls Church, VA, USA
$27,600,000
$150/SF
Building Size
184,000 SF
Asset Type
Office
Closing
Nov 19, 2021
AI
The office property located at 3141 Fairview Park in Falls Church, VA has been sold in a transaction that took place on November 19, 2021. The property spans across a total area of 184,000 square feet and has been sold for a price of $27,600,000, resulting in a price per square foot of $150. The sale was facilitated by the brokers James Cassidy and Jud Ryan from Newmark on behalf of the seller, Brandywine Realty Trust. The buyer of the property is Monday Properties, represented by Jennifer Burns and Cliff Cummings.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $27,600,000
- Square Footage: 184,000
- Price Per Square Foot: $150
- Address: 3141 Fairview Park, Falls Church, VA
- Seller: Brandywine Realty Trust
- Buyer: Monday Properties - Jennifer Burns & Cliff Cummings
- Brokers: James Cassidy & Jud Ryan - Newmark
The successful sale of the office property was facilitated by the expertise and assistance of James Cassidy and Jud Ryan, who represented the seller in the transaction. Monday Properties, represented by Jennifer Burns and Cliff Cummings, emerged as the buyer of the property. This transaction marks another significant deal in the Falls Church, VA market.
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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93