{"id":1004210399,"date":"2018-03-19T12:48:25","date_gmt":"2018-03-19T20:48:25","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004210399"},"modified":"2022-12-07T14:38:30","modified_gmt":"2022-12-07T22:38:30","slug":"dc-area-retail-center-trades-for-record-price","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dc-area-retail-center-trades-for-record-price\/","title":{"rendered":"DC-Area Retail Center Trades for Record Price"},"content":{"rendered":"<p>By Beata Lorincz<\/p>\n<div id=\"attachment_1004210400\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Portbelly-Panda-Express-Great-Clips-Leesburg-VA.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004210400\" data-attachment-id=\"1004210400\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/dc-area-retail-center-trades-for-record-price\/portbelly-panda-express-great-clips-leesburg-va\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Portbelly-Panda-Express-Great-Clips-Leesburg-VA-e1521129301426.jpg\" data-orig-size=\"666,499\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1008 Edwards Ferry Road N.E. in Leesburg, Va\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1008 Edwards Ferry Road N.E. in Leesburg, Va.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Portbelly-Panda-Express-Great-Clips-Leesburg-VA-e1521129301426.jpg?w=666\" class=\"wp-image-1004210400 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Portbelly-Panda-Express-Great-Clips-Leesburg-VA-e1521129301426.jpg\" alt=\"1008 Edwards Ferry Road N.E. in Leesburg, Va.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Portbelly-Panda-Express-Great-Clips-Leesburg-VA-e1521129301426.jpg 666w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Portbelly-Panda-Express-Great-Clips-Leesburg-VA-e1521129301426.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004210400\" class=\"wp-caption-text\">1008 Edwards Ferry Road N.E., Leesburg, Va.<\/p><\/div>\n<p>J Donegan Co. has disposed of a three-tenant shopping center in a record <a href=\"https:\/\/www.commercialsearch.com\/news\/nothing-but-net\/\">net lease sale<\/a> in Loudoun County. The recently completed asset traded for $4.8 million, attaining $925 per square foot and a cap rate of 5.5 percent, in a transaction facilitated by Calkain Cos.<\/p>\n<p>The pad site is located at 1008 Edwards Ferry Road N.E. in Leesburg, Va. on the northwestern outskirts of Washington, D.C., fully leased to Potbelly Sandwich Shop, Great Clips and Panda Express. Situated next to Chick-fil-A, the property sits adjacent to a Target-anchored shopping center on a high-visibility site at the intersection of roads 773 and 15. The surrounding retail-focused area includes tenants like The Home Depot, Costco and Walmart.<\/p>\n<p>Calkain\u2019s Jonathan Hipp and Natalia Nunno represented the seller. <em>\u201cThe strong location and new construction coupled with long-term leases with investment grade tenants, enabled us to market this NNN asset as a unique opportunity to invest in one of the most affluent areas of the country,\u201d<\/em>\u00a0said Hipp, in a prepared statement.<\/p>\n<p><em>Image courtesy of\u00a0Calkain Cos.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Facilitated by Calkain Cos., the property traded for $4.8 million, attaining $925 per square foot and a cap rate of 5.5 percent.<\/p>\n","protected":false},"author":739,"featured_media":1004507891,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,11,21742,21749,1615],"tags":[33054,35494],"class_list":["post-1004210399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-midatlantic","category-latest","category-retail","category-washington-dc","tag-calkain-companies","tag-jonathan-hipp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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