AIRPARK II    Leesburg, VA


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    airpark_1
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Case Study

Source of Acquisition: Off Market (Sourced by Local Leasing Broker)
RBA (Sq. Feet): 89,000
Property Type: Office/Flex
Location: Leesburg, VA.
Equity Partner: Argosy Capital
Acquisition Price: $12,000,000
Disposition Price: $15,000,000

Comments

Leased vacant space (20%) and extended largest tenant. Improved curb appeal which helped increase rents by 30%. Sold within twenty four months of acquisition.