The Premier Companies Acquires Office Building In Fairfax For $12M
3701 Pender Dr, Fairfax, VA, 22030
$12,000,000
$114/SF
Building Size
104,493 SF
Asset Type
Office
Closing
Jun 29, 2021
About this deal
AI
The office property located at 3701 Pender Dr, Fairfax, VA, 22030, in the Fairfax market, was recently sold for $12,000,000.00. The transaction, which took place on 06/29/2021, involved a total square footage of 104,493.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,000,000.00
- Buyer: The Premier Companies
- Seller: Pender Properties
- Buyer's Representative: Larry FitzGerald (Newmark)
- Seller's Representative: Ryan Lopez (Cushman & Wakefield)
The buyer in this transaction, The Premier Companies, was represented by Larry FitzGerald from Newmark. On the other side, the seller, Pender Properties, was represented by Ryan Lopez of Cushman & Wakefield.
On the Map
$12,000,000
$114/SF
Office
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Players
Fairfax 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93