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Northern Virginia Office Building Nets Profit in Second Sale in Two Years

Novel Office Sells Fair Oaks Plaza in Fairfax, To Redeploy Capital
Fair Oaks Plaza in Fairfax, Virginia, sold for $51 million in 2007, according to CoStar data. (CoStar)
Fair Oaks Plaza in Fairfax, Virginia, sold for $51 million in 2007, according to CoStar data. (CoStar)
By CoStar News Staff
June 21, 2024 | 4:36 P.M.

A Fairfax, Virginia, office building has sold for the second time in two years for a rare profit at a time when elevated borrowing costs, high vacancy and nonexistent rent growth have led to deeply discounted office sales in the Washington, D.C., area.

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