Sunset Medical Plaza

Reston, VA
The asset was acquired in March of 2023 from an institutional owner in a end of fund life sale. The asset is located prominently overlooking the Dulles Toll Road at the Wiehle Avenue interchange in Reston, Virginia.


  • Certainty and quickness to close allowed SIP to be the winning bidder without being the highest bidder.
  • Stabilized asset with cash flow from credit tenancy and staggered lease turnover allowing for MOB conversion over time.
  • Located less than a mile from the Wiehle-Reston East Silver Line Station, in a vibrant, walkable, live-work-play community.
  • Local supply of MOB is being demo’d for conversion to mixed use residential creating a reduction in supply of competitive medical office space while simultaneously creating more demand for medical services through a dramatic increase in local, high-income residents proximate to the project.
Building Size

147,509 sf

Acquisition Source


Equity Partner


Acquisition Price

$19.2 M

Total Project Cost

$29.4 M

Projected Exit

$45.0 M

MOB Conversion, Reston, VA