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3550 South Clark Street

Nathan Afshani And Joshua Afshani Acquire Office In Arlington From Wells Fargo And Wheelock Street Capital For $21.65M
SOLDOffice

Nathan Afshani And Joshua Afshani Acquire Office In Arlington From Wells Fargo And Wheelock Street Capital For $21.65M

3550 South Clark Street

$21,650,000

$89/SF

Building Size

243,020 SF

Asset Type

Office

Closing

Sep 16, 2025

AI

The asset involved in this transaction is an office property located at 3550 South Clark Street in Arlington. The sale was finalized for a price of $21,650,000, encompassing a total square footage of 243,020. The price per square foot is calculated at $89.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $21,650,000
  • Buyer: Nathan Afshani & Joshua Afshani - AXS Opportunity Fund
  • Seller: Wells Fargo & Wheelock Street Capital
  • Broker: Omid Broukhim - Barak Investors

Key individuals in this transaction include buyers Nathan Afshani and Joshua Afshani, who represent AXS Opportunity Fund. The property was sold by Wells Fargo and Wheelock Street Capital, with Omid Broukhim serving as the broker representing the seller in this deal.

Players

Omid Broukhim

Broker

$266.8M

vol

8 deals

Broker
Wells Fargo
Wells FargoSeller

Arlington 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

0.73%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93