Sunset Medical Plaza
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.