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.