Costco Wholesale Acquires Office Building In Springfield, VA For $6.55M
7375 Boston Boulevard Springfield, Virginia 22153, USA
$6,550,000
$242/SF
Building Size
27,000 SF
Asset Type
Office
Closing
Jun 6, 2023
AI
The office property located at 7375 Boston Boulevard in Springfield, VA has been sold. The transaction took place on 06/06/2023. The property was purchased by Costco Wholesale at a price of $6,550,000. The office building has a total area of 27,000 square feet, resulting in a price per square foot of $243. The seller of the property was Finmarc Management Inc, represented by David Fink.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,550,000
- Square Footage: 27,000
- Price Per Square Foot: $243
- Address: 7375 Boston Boulevard, Springfield, VA
- Market: Springfield, VA
David Fink, representing Finmarc Management Inc, acted as the seller in the transaction. Costco Wholesale was the buyer.
Players
Springfield 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
2.42%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93