SOLDParking Lot
Capital City Real Estate & Middleburg Communities Acquire 3 Acre Parking Lot In Fairfax For $10.4M
10350 Eaton Place
$10,400,000
Units
260
Asset Type
Parking Lot
Closing
Aug 7, 2025
AI
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.
Players
Fairfax Parking Lot Market Snapshot
Boundary boundary · Parking Lot · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93