SOLD
Penzance Acquires Ballston One Office Building In Arlington County For $25M
4601 North Fairfax Drive
Office
240,000 SF
240,000 SF
Sold 230 days ago
Summary
Sale
VIRGINIA
Office
240,000 sqft
Penzance, a D.C.-based real estate firm, has acquired the Ballston One office building in Arlington County for an undisclosed sum, although property records indicate a $25 million sale. The property, located at 4601 North Fairfax Dr, is an office building with a total square footage of 240,000. With a price per square foot of $104, the Ballston One office building is a valuable asset in the Arlington, VA market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $25,000,000
- Address: 4601 North Fairfax Dr
- Market: Arlington, VA
In this transaction, Penzance, represented by Cristopher White, acted as the buyer. UBS Realty Investors served as the seller. The deal was facilitated by brokers from JLL, including Andrew Weir, Dave Baker, Jim Meisel, Kameel Omar, Kevin Byrd, and Matt Nicholson. These individuals played a crucial role in executing the sale of the Ballston One office building.
Players
All
7
Agents
6
Agencies
1
Details
SOLD
IMAGE: Jim Meisel, Matt Nicholson, Andrew Weir, Kevin Byrd, Dave Baker, Kameel Omar & Cristopher White
DATE: 09/14/2023
ADDRESS: 4601 North Fairfax Dr
MARKET: Arlington, VA
ASSET TYPE: Office
BUYER: Penzance - Cristopher White
SELLER: UBS Realty Investors
BROKERS: Andrew Weir, Dave Baker, Jim Meisel, Kameel Omar, Kevin Byrd & Matt Nicholson - JLL
SALE PRICE: $25,000,000
SF: 240,000 ~ PPSF: $104
NOTE: Penzance, a D.C.-based real estate firm, has acquired the Ballston One office building in Arlington County for an undisclosed sum, although property records indicate a $25 million sale.View on map
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Address4601 North Fairfax Drive
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