Nathan Afshani And Joshua Afshani Acquire Office In Arlington From Wells Fargo And Wheelock Street Capital For $21.65M
SOLD
$21,650,000
Virginia
See Similar DealsOffice243,020 SF
Sold 09/16/2025
SOLD
Nathan Afshani And Joshua Afshani Acquire Office In Arlington From Wells Fargo And Wheelock Street Capital For $21.65M
3550 South Clark Street
See Similar DealsOffice243,020 SF
Sold 09/16/2025
Summary
VIRGINIA
Asset Type:Office
Price Per Square Foot:$89
Total Square Footage:243,020 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,154,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$76,917.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$102,632.05
Annual Debt Service$1,231,584.54
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