Retail Property In McLean Sells For $20.4M With Timothy Farrell Representing Seller
8209 Watson St, McLean, VA, 22102
$20,400,000
$620/SF
Building Size
32,857 SF
Asset Type
Retail
Closing
Jan 12, 2023
About this deal
AI
The retail property located at 8209 Watson St, McLean, VA, 22102, was recently sold for $20,400,000.00. Spanning a total of 32,857 square feet, this asset in the McLean market was part of a transaction that took place on 01/12/2023.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $20,400,000.00
- Address: 8209 Watson St, McLean, VA, 22102
- Market: Mc Lean
- Seller's Representative: Timothy Farrell (Avison Young)
- Buyer: Undisclosed
- Square Footage: 32,857
The sale of this retail property was facilitated by Timothy Farrell from Avison Young, representing the seller in the transaction. The identity of the buyer remains undisclosed, adding an element of mystery to this significant deal in the McLean market.
Players
Mc Lean 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
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93