Mar
19
DC-Area Retail Center Trades for Record Price
ByFacilitated by Calkain Cos., the property traded for $4.8 million, attaining $925 per square foot and a cap rate of 5.5 percent.
J Donegan Co. has purchased a three-tenant shopping center in a record net lease sale in Loudoun County. The recently completed asset traded for $4.8 million, attaining $925 per square foot and a cap rate of 5.5 percent, in a transaction facilitated by Calkain Cos.
The pad site is located at 1008 Edwards Ferry Road N.E. in Leesburg, Va. on the northwestern outskirts of Washington, D.C., fully leased to Potbelly Sandwich Shop, Great Clips and Panda Express. Situated next to Chick-fil-A, the property sits adjacent to a Target-anchored shopping center on a high-visibility site at the intersection of roads 773 and 15. The surrounding retail-focused area includes tenants like The Home Depot, Costco and Walmart…
