$27.7 Million Non-Performing Office Loan | Ashburn, VA

Attributes

Unpaid principal balance

IDR 454,755,110,254

Loan status

Non-Performing

Maturity date

01/01/2024

Year built

2008

Rentable area

19,045 m²

Number of buildings

Number of floors

Occupancy

73.6%

Parking spaces

750

Call for offers

24/07/2025

Description

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.

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Investment Highlights

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.