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3601 Eisenhower Avenue

Virginia Hospital Center Acquires Office Property In Alexandria, VA For $21.5M
SOLDOffice

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

William Evans Jr.

Avison Young

Broker

$43.5M

vol

2 deals

Broker
Monday Properties
Monday PropertiesSeller

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