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SRS Real Estate Partners’ D.C. Team Completes Sale of VA Retail Center
SRS Real Estate Partners announced the $10 million sale of Flagship Commons at One Loudoun, a 13,316-square-foot retail center in Ashburn, Virginia.
Located at 44795 Dulles Overlook Drive, the property spans approximately three acres and was newly constructed in 2022. The property includes an endcap drive-thru and is fully leased to a mix of national and local tenants, including Five Guys, The Big Screen Store, Club Champion, Dunkin’, and Finn Thai.
SRS’ Washington, D.C. Capital Markets team led by Andrew Fallon, Philip Wellde Jr., and Rick Fernandez, represented the developer-seller in the transaction. The buyer was a private, Northern Virginia-based investment group that made the acquisition as part of a 1031 exchange. Acquisition financing was provided by John Marshall Bank.
Flagship Commons, anchored by Five Guys and a drive-thru Dunkin’, is strategically positioned in front of Top Golf and iFly, and is across from One Loudoun, a nationally recognized mixed-use lifestyle center.
