Real Estate

$9.5M For Fairfax Oaks Building 2/3 Less Than 2020 Sale Price: Report

Tysons-based real estate firm purchased a recently updated office building in Fair Oaks for $9.5 million.

Tysons-based real estate firm purchased a recently updated office building in Fair Oaks for $9.5 million.
Tysons-based real estate firm purchased a recently updated office building in Fair Oaks for $9.5 million. (Google Maps)

FAIRFAX, VA — Cushman & Wakefield | Thalhimer, a Tysons-based real estate firm, paid $9.5 million to purchase the eight-story, 194,699-square-foot Crown Ridge at Fair Oaks office building on Dec. 19, according to a company release.

The $9.5 million price was nearly 70 percent less than the $31 million that previous owner Crown Ridge HQ7, LLC had spent to purchase the 1980s-era building in 2020, according to the Washington Business Journal. The building had also recently completed a $1.1 million upgrade, which included a modernized building lobby and common tenant-only amenity area.

Crown Ridge at Fair Oaks is located in the heart of Fairfax Center at 4035 Ridge Top Road, with easy access to Route 50 and I-66.

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