Reported Sep 9, 2026 · Source: LinkedIn
A broker announced the sale of a 100% leased, 7,736 SF retail condo at 1502-1504 King Street in Old Town Alexandria, VA, home to two established tenants and steps from the King St Metro. The sale price was $3,525,000 at a 5.3% cap rate on in-place NOI. Buyer: Not disclosed. Seller: Not disclosed.
Summarized from the article; the quoted lines below are from the article itself.
Read the full report at LinkedIn. What the article says:
JUST CLOSED: 1502–1504 King Street | Old Town Alexandria, VA Excited to announce the sale of this 100% leased, 7,736 SF retail condo in the heart of Old Town Alexandria's premier King Street corridor — home to two established tenants and steps from the King St Metro. 📊 The Deal: Sale Price: $3,525,000 Cap Rate: 5.3% on in-place NOI Timeline: Under 90 days from launch to close. Multiple offers received within 72 hours of hitting the market That kind of velocity reflects both the strength and scarcity of well-located retail along King Street and the quality of this asset. A big thank you to the Buyer and Seller for their hard work and partnership in getting this one across the finish line — a great outcome for both sides. If you're interested in talking Old Town, or any DMV retail investment sales, give me a shout! 📩 Josh Simon | CPG | jsimon@cohnpropertygroup.com | 301-461-8699 #CommercialRealEstate #RetailRealEstate #InvestmentSales #OldTownAlexandria #KingStreet #CRE #CohnPropertyGroup
JUST CLOSED: 1502–1504 King Street | Old Town Alexandria, VA Excited to announce the sale of this 100% leased, 7,736 SF retail condo in the heart of Old Town Alexandria's premier King Street corridor — home to two established tenants and steps from the King St Metro. 📊 The Deal: Sale Price: $3,525,000 Cap Rate: 5.3% on in-place NOI Timeline: Under 90 days from launch to close.
Article date: 2026-09-09T18:53:48.081Z
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