Ashburn Center

NORTHERN VIRGINIA

*purchased while senior management team at First Potomac Realty Trust

Property Overview

  • Located in Ashburn, VA in close proximity to major fiber for data center locations
  • Three buildings totaling 195,000 square feet

Acquisition Details

  • Off market transaction sourced through a direct relationship with the developer
  • Creative structure allowed the developer to participate in the upside
  • Acquired through a discounted payoff at less than 50% of construction cost
  • Purchased for $14M ($72psf) in December 2009 at 45% occupancy

Execution

  • Brought to 100% leased within nine months by expanding the existing data center and signing Gold’s Gym to a full building lease
  • Total investment of ~$19.7M ($101psf)
  • Sold in July 2014 for $41M ($210psf)

Property Size: 195,000 SF

Details

Location

Ashburn Center
NORTHERN VIRGINIA

About DSC Partners

DSC Partners LLC is a real estate investment and development company that creates value through acquisition and enhancement of commercial properties in dynamic markets.

Founded by long-time DC real estate veterans Douglas J. Donatelli and Nicholas R. Smith, the company’s integrated approach to real estate investment optimizes long-term, risk-adjusted returns.

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Our Location

10320 Little Patuxent6315 Bren Mar Drive