Capital Investment Advisors Acquires Office Property In Springfield, VA For $14M

WTG Properties has successfully sold a 61,700-square-foot flex property in Springfield, VA, for $14 million to CIA-7741 Southern Drive LLC, an affiliate of Capital Investment Advisors. The property, located at 7741 Southern Drive, is an office asset in the Springfield market. With a price per square foot of $227, this transaction showcases the value and potential of the property.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $14,000,000
• Address: 7741 Southern Drive
• Market: Springfield, VA
• Square Footage: 61,700

The sale was facilitated by Andrew Fallon and Philip Wellde of SRS Real Estate Partners, who acted as brokers for the deal. Their expertise and negotiation skills played a crucial role in finalizing the transaction. WTG Properties, the seller, and CIA-7741 Southern Drive LLC, the buyer, both benefited from their involvement in this successful property sale.