A 12,580-square-foot medical office building located in Ashburn, VA has recently been sold for $8.5 million. The property is currently occupied by OrthoVirginia and the names of the buyer and seller have not been disclosed.
The transaction was facilitated by Andrew Fallon and Philip Wellde Jr., representing SRS Capital Markets. A private investor from Virginia acquired the property through a 1031 exchange with an all-cash deal. On behalf of the seller, Danny Booker, Rich Sillery, and Douglas Olson from Monument Retail acted as representatives.
According to Fallon, this particular asset presented a unique opportunity for their client to own a corporate-guaranteed medical facility leased long-term under triple net terms. He also noted that properties like this are highly sought after by private investors looking for stable passive income or those involved in 1031 exchanges.
The sale of this Ashburn medical property marks another successful transaction in Connect CRE’s portfolio.
