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11200 James Swart Circle

WPG Acquires Fairfax Court Retail Plaza From Jodie McClean Of Edens For $52 Million
SOLDRetail

WPG Acquires Fairfax Court Retail Plaza From Jodie McClean Of Edens For $52 Million

11200 James Swart Circle

$52,000,000

$208/SF

Building Size

250,000 SF

Asset Type

Retail

Closing

Jun 16, 2025

AI

The retail property located at 11200 James Swart Circle in Fairfax, VA, has been sold for $52,000,000. This asset spans 250,000 square feet, resulting in a price per square foot of $208. The transaction occurred on June 16, 2025, in a market valued significantly above its assessed value of $37 million.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $52,000,000
  • Buyer: WPG
  • Seller: Jodie McClean - Edens
  • Square Footage: 250,000
  • Price per Square Foot: $208
  • Market: Fairfax, VA

Edens, represented by Jodie McClean, acquired the Fairfax Court retail plaza with intentions for renovations, emphasizing their strategy to enhance the property post-purchase.

Players

Jodie W. McLean

Edens

Seller

$359.1M

vol

8 deals

Seller
Edens
EdensSeller

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

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93