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Ashburn Medical Property Sold for $9M
A 12,580-square-foot medical office building in Ashburn, VA, occupied by OrthoVirginia, has been sold for $8.5 million. The names of the buyer and seller were not disclosed.
Represented by Andrew Fallon and Philip Wellde Jr. from SRS Capital Markets, a Virginia-based private investor acquired the property via a 1031 exchange with an all-cash transaction. The seller was represented by Danny Booker, Rich Sillery, and Douglas Olson of Monument Retail.
“This asset offered our client the opportunity to own a corporate-guaranteed medical property occupied by a well-respected tenant under a long-term triple net lease,” said Fallon. “Properties like this provide passive, durable income for the ownership which is very attractive to private and 1031 exchange investors.”
- ◦Sale/Acquisition
