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8260 Willow Oaks Corporate ...

Bridge Investment Group Acquires Office Building In Fairfax, VA For $106M
SOLDOffice

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

James Cassidy

Newmark

Broker

$1.1B

vol

13 deals

Broker
Bridge Investment Group
Bridge Investment GroupBuyer

Marc DeLuca

KBS

Seller

$674M

vol

3 deals

Seller
Bridge Investment Group
Bridge Investment GroupLender

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