September 9, 2023
Reston, VA – September 15, 2023 – 11260 Roger Bacon Drive, a 74,433 square foot office building in Reston, VA, has been sold for $6.75 million to 11260 Roger Bacon Drive, LLC. The seller was Roger Bacon Associates, LLC.
The property was purchased as a value-add investment with redevelopment potential. The building is situated near the new Wiehle-Reston East metro station and is favorably zoned for mixed-use residential development with a significantly increased floor area ratio (FAR).
At the time of sale, the building was 80% leased, generating a 7.5% cap rate. The class B property features numerous small tenants attracted to its convenient location, competitive rents, and proximity to the metro station and area amenities.
Vince and Kim Alexander of Wellborn Management represented the seller in the transaction. James Legat and Audrey Wallace of Legat Commercial Real Estate represented the buyer.
About the Property:
- Address: 11260 Roger Bacon Drive, Reston, VA 20190
- Building size: 74,433 square feet
- Sale price: $6.75 million
- Seller: Roger Bacon Associates, LLC
- Buyer: 11260 Roger Bacon Drive, LLC
- Brokers:
- Seller: Vince and Kim Alexander, Wellborn Management
- Buyer: James Legat and Audrey Wallace, Legat Commercial Real Estate
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