KLNB, a real estate firm, recently closed the sale of a medical office building in Chantilly, Virginia for $9.2 million. The 21,540-square-foot property located at 24801 Pinebrook Road was sold to Elliott Bay Capital Trust by KLNB’s Capital Markets team led by Joe Friedman and Josh Norwitz. This is not the first time that Friedman has represented the seller as he also did so in 2008 when they initially acquired the building.
The buyer is a Seattle-based investment group and INOVA, a healthcare system in Northern Virginia fully leases the property. KLNB’s industrial and office team consisting of Joe Friedman, Chris Kubler Don Schline and Josh Norwitz specializes in selling medical office properties across Mid-Atlantic which is one of nation’s most lucrative markets for this growing sector.
According to KLNB’s Friedman: “This transaction highlights how investors from all over are showing great interest towards MOB assets within DMV due to its high rate of population growth along with an insured workforce that boasts high levels of education.”
