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65,000-SF Office Building Trades for $16M

OAKTON, VA- Columbia Equity Trust Inc. acquires the fully occupied property, Oakton Corporate Center. The asset is leased to three big-name tenants.

By Barbra Murray | Updated on December 15, 2005

OAKTON, VA- Columbia Equity Trust Inc. has acquired Oakton Corporate Center from Carfax Enterprise for $16 million. According to Fairfax County records, the 65,000-sf office building is currently assessed at $11.2 million. Columbia Equity financed the transaction with funds from its revolving credit facility.

Oakton Corporate Center is located at 10467 White Granite Dr. off Interstate 66. The 21-year-old building, previously known as Oakton Corporate Center III, had been part of the two-structure ELV Portfolio before Columbia opted out of buying both.

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