Ashburn Medical Office Park Trades For $15M
A joint venture of MBRE Healthcare and Kayne Real Estate Advisors has bought a three-building medical office park in Loudoun County.
The partnership acquired the Ashburn Farm Professional Plaza from Harrison Street Real Estate Capital for $15M.
Built between 1999 and 2002, the 2-acre office park consists of three brick buildings totaling 25K SF. Its tenants include family practices, pediatricians, OB/GYNs, radiology specialists, orthopedists, dentists and a day care center.
The property sits at the intersection of Ashburn Farm and Clairborne parkways, about 1 mile from the Dulles Greenway. Across the street is a Giant-anchored retail center with several restaurants and service retailers.
“Ashburn Farm Professional Plaza attracted significant interest because it offered investors an opportunity for secure cash flow in a highly coveted submarket,” Kornick said in a release. “The property's ideal location is one of the reasons it appeals to both tenants and investors alike.”