Federal Realty Investment Trust Acquires Retail Property In Fairfax For $22.5M
11001 Lee Hwy, Fairfax, VA, 22030
$22,500,000
$300/SF
Building Size
75,000 SF
Asset Type
Retail
Closing
Feb 27, 2019
About this deal
AI
The property located at 11001 Lee Hwy, Fairfax, VA, 22030, is a retail asset with a size of 75,000 square feet. The transaction took place on February 27, 2019, in Fairfax. The seller's representative in this deal was Michael (Mike) Gorsage from H&R Retail, while the buyer was Federal Realty Investment Trust. The property was sold for $22,500,000.00.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22,500,000.00
- Market: Fairfax
Michael (Mike) Gorsage from H&R Retail acted as the seller's representative in the transaction, while Federal Realty Investment Trust was the buyer. This significant deal involved the transfer of a retail property in Fairfax, emphasizing the prominent role of the key individuals and companies in the real estate market.
Fairfax Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93