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Capital City Real Estate & Middleburg Communities Acquire 3 Acre Parking Lot In Fairfax For $10.4M
SOLD
$10,400,000
Virginia
See Similar DealsParking Lot
Sold 08/07/2025
SOLD
Capital City Real Estate & Middleburg Communities Acquire 3 Acre Parking Lot In Fairfax For $10.4M
10350 Eaton Place
See Similar DealsParking Lot
Sold 08/07/2025
Summary
VIRGINIA
Asset Type:Parking Lot
Transaction Type:Sale
A parking lot located at 10350 Eaton Place in Fairfax, VA, has been sold for $10,400,000. The asset spans 3 acres, and its conversion is intended for development.
Summary of transaction details:
- Property Type: Parking Lot
- Transaction Amount: $10,400,000
- Buyer: Capital City Real Estate & Middleburg Communities
- Sale Date: 08/07/2025
- Market: Fairfax, VA
- Acres: 3
Capital City Real Estate and Middleburg Communities plan to develop The Botanist, a seven-story building featuring 260 residential units along with retail space on the acquired site.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$554,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,949.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,301.31
Annual Debt Service$591,615.67
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