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

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:

• Property Type: Retail
• Transaction Amount: $10,000,000
• Address: 44795 Dulles Overlook Drive
• Market: Ashburn, VA
• Square Footage: 13,316
• Price per Square Foot: $751
• Lender: John Marshall Bank
• Buyer: Private investment group based in Northern Virginia
• Broker Representatives: Andrew Fallon, Philip Wellde & Rick Fernandez - SRS Real Estate Partners

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.