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Monday Properties Acquires Office Building In Falls Church, VA For $27.6M

Property Image
SOLD
$27,600,000
James Cassidy
+ 1

Virginia

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Office184,000 SF
Sold 11/19/2021
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Property Image
SOLD

Monday Properties Acquires Office Building In Falls Church, VA For $27.6M

3141 Fairview Park Drive, Falls Church, VA, USA

See Similar Deals
Office184,000 SF
Sold 11/19/2021
James Cassidy
+ 1
Contact now

Summary

VIRGINIA
Asset Type:Office
Price Per Square Foot:$150
Total Square Footage:184,000 SF
Transaction Type:Sale

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

James Cassidy
13 deals$1.1B volume
BROKER

Jud Ryan
Newmark
5 deals$434.5M volume
BROKER

Brandywine Realty Trust
BROKERAGE


3 deals$189.2M volume
BUYER

2 deals$145.6M volume
BUYER

2 deals$145.6M volume
BUYER

Details

SOLD
IMAGE: Jennifer Burns, Cliff Cummings, James Cassidy & Jud Ryan DATE: 11/19/2021 ADDRESS: 3141 Fairview Park MARKET: Falls Church, VA ASSET TYPE: Office BUYER: Monday Properties - Jennifer Burns & Cliff Cummings SELLER: Brandywine Realty Trust BROKERS: James Cassidy & Jud Ryan - Newmark SALE PRICE: $27,600,000 SF: 184,000 ~ PPSF: $150

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Debt Service Coverage Ratio (DSCR)

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