GVA Advantis Represents Security Storage Co. in Sale of 621 North Payne St. in Alexandria, VA

WASHINGTON, D.C. - - GVA Advantis is pleased to announce a recent investment sales transaction in Alexandria, Virginia, in the amount of $18,000,000.

Don Mercer, SIOR, executive director, and Ryan Moody, director, of the Tysons Corner office of GVA Advantis represented Security Storage Company of Washington, (headquarters building top right photo) the Seller, in the transaction. The Buyer, an affiliate of Erkiletian Construction Company LLC, was represented by Erkiletian Real Estate Services, LLC.

Founded in 1890, and one of the oldest international relocation companies in the world, Security Storage Company of Washington sold 621 North Payne Street, for $18,000,000, or $182/SF.

The Property is a 99,000 SF warehouse building located at 621 North Payne Street in Alexandria, Virginia. Erkiletian Construction Company has been building in the area for over thirty years, and plans to redevelop the warehouse as multi-family residential housing.

Media Contact: Tonya Ginter, 703.790.2127, tginter@gvaadvantis.com


GVA Advantis, 1747 Pennsylvania Avenue, NW, Suite 1100, Washington, DC 20006