
1945 Old Gallows Road
1945 Old Gallows Road, Vienna, VA, 22182, US
168,993 平方呎
Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis by the Seller to arrange the sale of a $27.7 million non-performing office loan (the “Loan”). The Loan is secured by the leasehold deed of trust in two office buildings located in Ashburn, VA, a suburb west of Washington, D.C. (the “Property”). In January 2024, the Loan became non-performing via a maturity default. As of June 2025, the Loan has an unpaid principal balance of $27,655,663.
The Property is comprised of two, four-story office buildings located in Ashburn, VA. Constructed in 2008, the Property features 205,000 rentable square feet. As of March 2025, the Property was 73.6% occupied with a WALT of 4.0 years. Additionally, the Property is a leasehold interest pursuant to a ground lease. The ground lease has an expiration date of January 2119 with no extension options.
The offering presents investors with the ability to acquire a non-performing loan at a favorable basis, significantly below replacement cost, with a potential path to ownership.
Strong In-Place Tenancy
With an occupancy of 73.6%, the Property’s diverse rent roll spanning 16 tenants and staggered expiration schedule, provides stable cash flow and minimized risk for significant vacancy.
Path to Ownership
The non-performing Loan provides investors the ability to potentially step into the ownership position on a high-quality office building at an attractive basis.
Exceptional Transportational Access
Located along a major Virginia highway, the Property offers strategic accessibility and is just under 11 minutes from Dulles International Airport.