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Easterly Government Properties Acquires Cox Road Office Portfolio In Glen Allen VA For $44.5M

Property Image
SOLD
$44,500,000
Will Bradley
Mark Williford

Virginia

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Office901,092 SF
Sold 02/19/2026
the dealplayerscompscontact
Property Image
SOLD

Easterly Government Properties Acquires Cox Road Office Portfolio In Glen Allen VA For $44.5M

5600 Cox Road, 5620 Cox Road & 5640 Cox Road

See Similar Deals
Office901,092 SF
Sold 02/19/2026
Will Bradley
Mark Williford
the dealplayerscompscontact
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Summary

VIRGINIA
Asset Type:Office
Price Per Square Foot:$49
Total Square Footage:901,092 SF
Transaction Type:Sale

The Cox Road Office Portfolio, comprising three properties at 5600, 5620 & 5640 Cox Road in Glen Allen, VA, was sold for $44.5 million. The total square footage of the portfolio is 300,364. The properties are fully leased and house long-term tenants, including Virginia agencies and Black Knight.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $44,500,000
  • Square Footage: 300,364
  • Price Per Square Foot: $148
  • Buyer: Easterly Government Properties
  • Seller: Onward Investors
  • Brokers: Will Bradley & Mark Williford - Newmark

This transaction was notable for the value increase from $31.7 million in 2024, indicating a significant appreciation over the period. Will Bradley and Mark Williford from Newmark facilitated the deal on behalf of the parties involved.

Players

Mark Williford
Newmark
Mark Williford
8 deals$211.4M volume(720) 454-0319
BROKER
Will Bradley
Newmark
Will Bradley
9 deals$226.1M volume(410) 299-0367
BROKER
EP
Easterly Government Properties
BUYER
OI
Onward Investors
SELLER

Details

SOLD
IMAGE: 02/19/2026 ADDRESS: 5600, 5620 & 5640 Cox Road MARKET: Glen Allen, VA ASSET TYPE: Office BUYER: Easterly Government Properties SELLER: Onward Investors BROKERS: Will Bradley & Mark Williford - Newmark SALE PRICE: $44,500,000 SF: 300,364 ~ PPSF: $148 NOTE: Onward Investors sold the Cox Road Office Portfolio in Glen Allen, VA, for $44.5 million to Easterly Government Properties, up from $31.7 million in 2024. The 300,364 sq ft, fully leased buildings have long-term tenants including Virginia agencies and Black Knight.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,373,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$158,099.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$210,952.70
Annual Debt Service$2,531,432.43