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WTHHWD, LLC Acquires Fairfax Office Building For $9.5M
SOLD
$9,500,000
Virginia
See Similar DealsOffice194,699 SF
Sold 12/19/2023
SOLD
WTHHWD, LLC Acquires Fairfax Office Building For $9.5M
4035 Ridge Top Road
See Similar DealsOffice194,699 SF
Sold 12/19/2023
Summary
VIRGINIA
Asset Type:Office
Price Per Square Foot:$48
Total Square Footage:194,699 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$506,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16
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