facebook

traded

+ Submit
Home

/

Deals

/

Virginia

/

Office

/

Sale

/

3701 Pender Dr, Fairfax, VA...

The Premier Companies Acquires Office Building In Fairfax For $12M
SOLDOffice

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

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:

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.

Players

Larry FitzGerald

Newmark

Broker

$31.2M

vol

3 deals

Broker

Fairfax Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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