C2 Imaging Acquires Office Building In Springfield, VA For $15.9M
8000 Grainger Court
$15,900,000
$180/SF
Building Size
88,000 SF
Asset Type
Office
Closing
Feb 16, 2024
About this deal
AI
The property involved in the transaction is an 88,000-square-foot office and warehouse building located at 8000 Grainger Court in Springfield, VA. The property was sold for $15.9 million, equating to a price per square foot of $181.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $15,900,000
- Buyer: C2 Imaging
- Seller: Neil Markus - Finmarc
- Broker: Wendy Feldman Block - Savills
- Market: Springfield, VA
C2 Imaging purchased the office and warehouse building in Springfield, VA, for $15.9 million. The transaction was facilitated by Wendy Feldman Block of Savills, representing the buyer in the deal.
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
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93