Gilbane Development Acquires Office Asset At 3601 Wilson Blvd Arlington For $15,220,000
3601 Wilson Blvd.
$15,220,000
Units
121,207
Asset Type
Office
Closing
Mar 6, 2025
About this deal
AI
The property asset involved in this transaction is located at 3601 Wilson Blvd., Arlington, VA, and consists of an office space covering 121,207 square feet. The transaction was finalized at a price of $15,220,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $15,220,000.00
- Address: 3601 Wilson Blvd.
- Market: Arlington, VA
- Units: 121,207
- Buyer: Gilbane Development
- Seller: LaSalle Investment Management
- Sale Date: 03/06/2025
The deal involved the buyer, Gilbane Development, and the seller, LaSalle Investment Management. This transaction highlights the active participation of both firms in the real estate market, specifically in the office sector.
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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93