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Private Investment Group Acquires Flagship Commons Retail Center In Ashburn For $10 Million

Property Image
SOLD
$10,000,000
Philip Wellde
Rick Fernandez
Andrew Fallon

Virginia

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Retail13,316 SF
Sold 03/05/2025
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Property Image
SOLD

Private Investment Group Acquires Flagship Commons Retail Center In Ashburn For $10 Million

44795 Dulles Overlook Drive

See Similar Deals
Retail13,316 SF
Sold 03/05/2025
Philip Wellde
Rick Fernandez
Andrew Fallon
the dealplayerscompscontact
Contact now

Summary

VIRGINIA
Asset Type:Retail
Price Per Square Foot:$751
Total Square Footage:13,316 SF
Transaction Type:Sale

The property asset involved in this transaction is a newly constructed retail center located at 44795 Dulles Overlook Drive, Ashburn, VA. The price of the sale was $10,000,000, with the property boasting a total square footage of 13,316 and a price per square foot of $751.

Summary of transaction details:

SRS Real Estate Partners facilitated the transaction, which involved financing provided by John Marshall Bank. The buyer acquired the property as part of a 1031 exchange, with notable tenants such as Five Guys and Dunkin’ fully leasing the premises.

Players

Andrew Fallon
SRS Real Estate Partners
Andrew Fallon
15 deals$141.3M volume
BROKER
Rick Fernandez
SRS Real Estate Partners
Rick Fernandez
8 deals$82.9M volume
BROKER
Philip Wellde
SRS Real Estate Partners
Philip Wellde
7 deals$63.3M volume(703) 268-0854
BROKER

Details

SOLD
IMAGE: 03/05/2025 ADDRESS: 44795 Dulles Overlook Drive MARKET: Ashburn, VA ASSET TYPE: Retail BROKERS: Andrew Fallon, Philip Wellde & Rick Fernandez - SRS Real Estate Partners LENDER: John Marshall Bank SALE PRICE: $10,000,000 SF: 13,316 ~ PPSF: $751 NOTE: SRS Real Estate Partners facilitated the $10 million sale of a newly constructed 13,316-square-foot retail center, Flagship Commons, in Ashburn, Virginia, fully leased to tenants like Five Guys and Dunkin’. The buyer, a private investment group based in Northern Virginia, acquired the property as part of a 1031 exchange, with financing provided by John Marshall Bank.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$533,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,527.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,405.10
Annual Debt Service$568,861.22