Carr Properties Buys 4040 N. Fairfax Drive (186,000 SF) in DC

Reported Oct 22, 2026 · Source: CRE Market Beat

Source: CRE Market BeatRead the full report at CRE Market Beat ↗

Deal details

Buyer
Carr Properties
Seller
Ascentris
Price
$12.25M
Size
186,000 SF
Price per SF
$66 per SF (our calculation)
Asset class
Office
Transaction
Sale
Sub-market
Arlington / Alexandria / Falls Church
Metro
Washington, DC
Reported date
Oct 22, 2026

Summary

Carr Properties has purchased 4040 N. Fairfax Drive, a 186,000-square-foot office building in the Ballston neighborhood of Arlington, Virginia, from Ascentris. The purchase price for 4040 N. Fairfax Drive was approximately $12.25 million, which equates to about $65.86 per square foot based on the building’s existing 186,000-square-foot footprint.

Summarized from the article; the quoted lines below are from the article itself.

Source: CRE Market Beat

Read the full report at CRE Market Beat. What the article says:

  • Deal / Size / Buyer
    Carr Properties has purchased 4040 N. Fairfax Drive, a 186,000-square-foot office building in the Ballston neighborhood of Arlington, Virginia, from
  • Deal / Seller
    Carr Properties has purchased 4040 N. Fairfax Drive, a 186,000-square-foot office building in the Ballston neighborhood of Arlington, Virginia, from Ascentris.
  • Price
    The purchase price for 4040 N. Fairfax Drive was approximately $12.25 million, which equates to about $65.86 per square foot based on the building’s existing 186,000-square-foot footprint.

Article date: 2026-10-22T15:01:01-04:00

Frequently asked questions

Who bought 4040 N. Fairfax Drive?
Carr Properties bought 4040 N. Fairfax Drive in Arlington / Alexandria / Falls Church, DC, according to CRE Market Beat.
How much did 4040 N. Fairfax Drive sell for?
The reported price is $12.25M ($66 per SF, our calculation), per CRE Market Beat.
Who sold 4040 N. Fairfax Drive?
The seller was Ascentris, per CRE Market Beat.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.