Stonecroft Venture LLC has acquired Stonecroft Business Park in Chantilly for $3.21 million. According to CBRE, the firm that represented the seller, the park consists of two suburban office buildings located at 14797and 14801 Murdock Street,
“This recently foreclosed property offered a true value-add opportunity with multiple exit strategies including traditional office leasing or continued office condo sales. Much of this property’s attraction was attributed to its flexible design and quality new construction,” First Vice President Marc N. Rampulla of CBRE Capital Markets said in a statement.
Comprised of about 80,000 square feet of office condo space in a shell condition, the property offers first-generation construction with high-end finishes, abundant parking, and the flexibility to accommodate tenants or condo purchasers from 925 to 47,000 square feet.
Stonecroft Business Park is located south of Washington Dulles International Airport, in the Route 28 South submarket. CBRE’s Marc Rampulla represented the selling bank in the transaction.
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