Buchanan Partners Acquires Office Asset From Inova Health System In Merrifield For $13M

The property asset involved in the transaction is an office building located at 8110 Gatehouse Road in Merrifield, VA. It was sold by Inova Health System to a Bethesda firm affiliated with Buchanan Partners for a sum of $13 million. The asset spans 240,000 square feet, translating to a price per square foot of $54.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $13,000,000
• Address: 8110 Gatehouse Road
• Market: Merrifield, VA
• Square Footage: 240,000
• Price Per Square Foot: $54
• Buyer: Buchanan Partners
• Seller: Inova Health System

This transaction highlights the involvement of Buchanan Partners as the buyer's representative and Inova Health System as the seller in the deal. The sale reflects a notable transaction within the office market in Merrifield.