Fair Oaks Commerce Center Sells for $41M

FAIRFAX, VA-In a transaction valued at $40.5 million, Colony Realty Partners acquired ownership of the fully leased Fair Oaks Commerce Center. The site last traded in 2000 in a $25-million deal.

Relying on the assistance of Cassidy & Pinkard’s Bill Collins, Paul Collins and Drew Flood, GE Capital Realty Group Inc. sold the 139,000-sf office building. According to Fairfax County records, the property has a current assessed value of $20.8 million.

Fair Oaks sits at 11320 Random Hills Rd., just off the intersection of Interstate 66 and Route 50 in the Fairfax Center submarket. The six-story building is 27% occupied by offices of the US government, and is also home to, among others, law firm Fagelson, Schonberger, Payne & Deichmeister PC and mortgage insurance products and services provider United Guaranty.