Fortuna Center Plaza in Dumfries sells for $20.2 million
NKF Capital Markets has announced the sale and financing of Fortuna Center Plaza in Dumfries. The 104,694-square-foot shopping center is anchored by Shoppers Food Warehouse, along with Starbucks, Panera Bread, Five Guys and Rite Aid. Mosaic Realty Partners purchased the asset for $20.2 million.
The center is located along Dumfries Road, which provides visibility to more than 44,000 vehicles per day. Adjacent to Target, the location also provides access to Interstate 95.
Executive Managing Director Geoffrey Millerd, Managing Director Mat Adler and financial analysts Christian Brannelly and Chris Huesgen of NKF Capital oversaw the transaction on behalf of the seller.
“The excellent visibility, strong demographics, and continued population growth were significant drivers in the sale of Fortuna Center Plaza,” said NKF’s Adler. “This was a unique opportunity in Northern Virginia to acquire a grocery anchored shopping center with a quality tenant mix.”