8111 Gatehouse Rd Falls Church Sold For $52M With Seller's Representative James Cassidy

The property involved in this transaction is an office building located at 8111 Gatehouse Rd, Falls Church, VA. The building spans 282,542 square feet and was sold for $52 million. At the time of sale, it was 92 percent leased. Recent improvements included a $7 million capital investment program, which featured the addition of a fitness center, locker rooms, and upgrades to the lobby, common corridors, daycare facilities, and underground parking.

Summary of transaction details:

• Property Type: Office Building
• Transaction Amount: $52,000,000.00
• Address: 8111 Gatehouse Rd, Falls Church, VA
• Market: Falls Church
• Square Footage: 282,542
• Seller's Representative: James Cassidy - Newmark
• Buyer: Unknown
• Price per Square Foot: $184

James Cassidy and Jud Ryan from Newmark represented the seller, Equus Capital Partners Ltd., in this transaction. The buyer's identity has not been disclosed.