WTHHWD, LLC Acquires Fairfax Office Building For $9.5M
4035 Ridge Top Road
$9,500,000
$48/SF
Building Size
194,699 SF
Asset Type
Office
Closing
Dec 19, 2023
About this deal
AI
The Crown Ridge at Fair Oaks, an eight-story, 194,699-square-foot Class A office building located at 4035 Ridge Top Road in Fairfax, Virginia, has been sold in a recent transaction. The buyer, WTHHWD, LLC, acquired the property for $9.5 million from Crown Ridge HQ7, LLC.
Summary of transation details
- Property Type: Office
- Sale Price: $9,500,000
- Square Footage: 194,699
- Price per Square Foot: $49
- Address: 4035 Ridge Top Road, Fairfax, VA
- Market: Fairfax, VA
The sale of Crown Ridge at Fair Oaks was facilitated by brokers David Scully and Jamie A. Scully, CCIM from Cushman & Wakefield. They represented WTHHWD, LLC in the transaction.
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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93