Premier Sells Dulles, Virginia Office/Flex Building

The 33,000 SF building near dulles airport recently sold

Premier is pleased to announce that in October 2022 it closed on the sale of a mixed use flex/office building near Dulles Airport. Premier had owned and operated the building for many years, which was originally financed by the American Armed Forces Mutual Aid Association. The buyer was Prologis, who made an unsolicited offer to acquire the building due to its being contiguous to data center properties also owned by Prologis. The building was comprised of about 20,000 sf of flex space on the lower level and about 13,000 sf of office on the upper level. There were no brokers involved in the transaction, which yielded a roughly 33% profit relative to the acquisition price.