Bridge Investment Group Acquires Office Building In Fairfax, VA For $106M
8260 Willow Oaks Corporate Drive, Fairfax, VA, USA
$106,000,000
$181/SF
Building Size
584,147 SF
Asset Type
Office
Closing
Dec 9, 2021
AI
An office property located at 8260-8280 Willow Oaks Corporate Drive in Fairfax, Virginia has been sold for $106,000,000. The property spans 584,147 square feet, resulting in a price per square foot of $181. The transaction took place on December 9, 2021, and the buyer is Bridge Investment Group. The seller of the property is KBS, represented by Marc DeLuca. The deal was facilitated by James Cassidy, Jud Ryan, and Grant Marley of Newmark.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $106,000,000
- Square Footage: 584,147
- Price per Square Foot: $181
- Date: 12/09/2021
- Address: 8260-8280 Willow Oaks Corporate Drive, Fairfax, VA
- Market: Fairfax, VA
The successful sale of this office property was facilitated by the brokers James Cassidy, Jud Ryan, and Grant Marley from Newmark. They represented the seller, KBS, in this transaction. This deal highlights the involvement of key individuals and companies in the real estate market of Fairfax, Virginia.
Players
Fairfax 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93