1420 Beverly Road

McLean, VA
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  • Off-market acquisition of boutique office building in affluent, amenity-rich submarket of Northern Virginia.
  • Major renovation program planned; conversion to Class ‘A’ medical office building.
  • Significant rental rate growth projected; increases of > 20% contemplated following delivery in 2020.
  • Adjacent to 6849 Old Dominion; combines to aggregate 3.25-acres of contiguous future developable land.
Building Size

47,000 sf

Acquisition Source

Off-Market

Equity Partner

Chestnut

Acquisition Price

$12.7 M

Redevelopment

$3.4 M

Total Project Costs

$20 M

Exit Price

N/A

Date
Category
Commercial, McLean, VA