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
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