Virginia Hospital Center Acquires Office Property In Alexandria, VA For $21.5M
3601 Eisenhower Avenue
$21,500,000
$148/SF
Building Size
145,000 SF
Asset Type
Office
Closing
Nov 7, 2023
AI
The Virginia Hospital Center (VHC) has acquired a six-story office property located at 3601 Eisenhower Avenue in Alexandria, VA. The property was purchased from Monday Properties for a total of $21.5 million. Spanning over 145,000 square feet, the office building will serve as an outpatient surgery center and medical office space for VHC.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $21,500,000
- Address: 3601 Eisenhower Avenue, Alexandria, VA
- Market: Alexandria, VA
- Square Footage: 145,000
Christopher Lane, representing Virginia Hospital Center, acted as the buyer in the transaction. Anthony Westreich of Monday Properties served as the seller. The deal was facilitated by William (Bill) Evans Jr. from Avison Young, who acted as the broker in the transaction.
Players
Alexandria 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93