Close of Escrow: DC Prime in Ashburn, VA

Close of Escrow: DC Prime in Ashburn, VA

SIG is pleased to announce the recent closed transaction of DC Prime in Ashburn, Virginia.

Investment Highlights Include:

  • 100% Occupied Single Tenant Absolute NNN with 18.5 Years Remaining
  • Three (3) x Five (5) Year Renewal Options
  • 1.50% Annual Rent Increases – Next Rent Increase is in October 2017
  • Built in 2015 and Extremely Well Maintained
  • Guarantor is Arizona’s at Stonecrest Inc. with an Initial 5 Year Personal Guarantee from Mark Craig and Additional Rolling 2 Year Personal Guarantee from Mark Craig
  • Personal Guarantor is an Extremely Successful and Seasoned Restaurateur that Owns and Operates Over 15 Restaurant Concepts with Total Revenue in Excess of $35 Million
  • Located in One of the Most Affluent and Fastest Growing Areas in the Virginia and Washington D.C. Market – Over 168,000 Residents with an Average Household Income of $141,426 Within a 5-Mile Radius
  • Located Adjacent to One Loudoun – Mixed Retail, Residential, and Office Complex Including 700,000 SF of Retail Space, 3M SF of Class A Office Space and Over 1,500 Residential Units
  • Strong Visibility from Route 7 – Primary Commercial Retail Artery Which Leads to and From Major Markets in Northern Virginia (Over 98,000 VPD)
  • Adjacent to University Center – 400,000+ SF of Prime Class A Office Space, 280 Hotel Rooms, a School and 67,000+ SF of Mixed Retail
  • Less Than 10 Miles from Dulles International Airport

Closing Price: $4,700,000
Closing CAP:  6.74%

Listing Agents:  Clifton McCrory, Kavah Ebrahimi and Chris Sands 

For More Information Contact:

Clifton McCrory
Lic #99847

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