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4401 Fair Lakes Court

4401 Fair Lakes Court

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City
Fairfax
Area
Fairfax, Virginia
Address
4401 Fair Lakes Court
Status
CLOSED
About this property
CPG represented the Buyer in the acquisition of 4401 Fair Lakes Ct, a 55,828 SF Class B Office Building on 5.9 Acres of ground in Fairfax, VA.  This complex sale involved two separate ownership entities as the asset was encumbered by a ground lease. CPG was able to negotiate the sale for both the ground and the leasehold position concurrently in order to deliver fee simple ownership. Additionally, this property has superb long-term redevelopment value that will be achieved once the underlying covenants expire.