Oliver Carr Of Carr Properties Acquires Office Building In Arlington For $12.25M From Ascentris
4040 Fairfax Drive
$12,250,000
$65/SF
Building Size
186,000 SF
Asset Type
Office
Closing
Oct 22, 2026
About this deal
AI
The property asset involved in this transaction is an office building located at 4040 Fairfax Drive, Arlington, VA. The building has a total square footage of 186,000 and was sold for approximately $12.25 million, reflecting a price per square foot of $65.86.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,250,000
- Address: 4040 Fairfax Drive, Arlington, VA
- Buyer: Oliver Carr - Carr Properties
- Seller: Ascentris
- Square Footage: 186,000
- Price per Square Foot: $66
The deal involved Oliver Carr representing Carr Properties as the buyer and Ascentris as the seller. This acquisition adds to Carr Properties' portfolio in the Arlington market, expanding their footprint in the office sector.
On the Map
$12,250,000
$65/SF
Office
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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
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93