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
About this deal
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
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