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
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