Richard Murphy Of Avison Young Arranges $6.1M Sale Of Retail Property In Leesburg

The Sycolin Corner Strip Center in Leesburg, VA, was sold for $6,100,000 on July 10, 2018. The property, located at 400 Sycolin Rd, consists of a 13,837-square-foot multi-tenant retail asset. Anchored by a 9,300-square-foot Kiddie Academy, the center is fully leased with a variety of tenants including Sandy Nails & Spa, Hunan Cafe, and Sycolin Cleaners.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $6,100,000.00
• Address: 400 Sycolin Rd, Leesburg, VA, 20175
• Market: Leesburg
• Seller's Rep: Richard Murphy (Avison Young)
• Buyer: Unknown
• SF: 13,837

The sale of the Sycolin Corner Strip Center was arranged by Executive Managing Director Andrew Fallon and Managing Director Richard Murphy. The deal was influenced by the quality of the daycare facility, which operates in one of the highest median income areas in the county. The property's full capacity and lack of vacancies, along with the success of its tenants, contributed to its long-term viability.