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Avanti Holdings Group Acquires Property At 5904 Richmond Hwy Alexandria For $8.3M With Broker Joshua Simon

Property Image
SOLD
$8,300,000

Virginia

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Office78,000 SF
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Property Image
SOLD

Avanti Holdings Group Acquires Property At 5904 Richmond Hwy Alexandria For $8.3M With Broker Joshua Simon

5904 Richmond Hwy, Alexandria, VA...

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Office78,000 SF
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Summary

VIRGINIA
Asset Type:Office
Price Per Square Foot:$106
Total Square Footage:78,000 SF
Transaction Type:Sale

5904 Richmond Hwy, located in Alexandria, VA, is an office building that spans 78,000 square feet. The property sold for $8,300,000. It is situated within walking distance of Huntington Metro Station and Mount Vernon Trail, and at the time of sale, the building was 65 percent leased with five office suites available for lease, ranging in size from 1,800 to 15,780 square feet.

Summary of transaction details:

  • Property Type: Office Building
  • Transaction Amount: $8,300,000.00
  • Square Footage: 78,000
  • Address: 5904 Richmond Hwy, Alexandria, VA
  • Market: Alexandria
  • Buyer: Avanti Holdings Group
  • Seller: FCA
  • Buyer's Representative: Joshua Simon
  • Agency: KLNB Retail
  • Leasing Assignment: Handled by Joshua Simon

This transaction involved Joshua Simon from KLNB representing the buyer, Avanti Holdings Group, which is a joint venture with Rock Creek Property Group. The office building's leasing aspect will be managed by Simon, indicating ongoing interest in the property's rental potential following the sale.

Players

Joshua (Josh) Simon
2 deals$17.3M volume(301) 461-8699
BROKER

FCA
SELLER

Details

SOLD
IMAGE: 5904 Richmond Hwy, Alexandria, VA... MARKET: Alexandria BUYER'S REP: Joshua Simon(KLNB Retail) BUYER: Avanti Holdings Group SELLER: FCA PRICE: $8,300,000.00 SF: 78000

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Debt Service Coverage Ratio (DSCR)

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