Asset Capital Corp. Inc. recently closed on two separate acquisitions in Maryland and Virginia totaling $21.6 million.

The company added a 54,692-square foot one-story office building located in Lanham, Md., for a purchase price of approximately $9.4 million. The property was 100 percent occupied at the time of sale by three corporate tenants under leases having remaining terms ranging from 1.5 years to more than 6 years.

In addition, the company completed the acquisition of Pidgeon Hill II, consisting of two office buildings comprising a total of 95,137 rentable square feet in Sterling, Va. Asset Capital paid approximately $12.2 million. The two buildings were 77.7 percent leased at closing to 34 tenants.

Asset Capital Corp. Inc. is a self-managed, fully-integrated real estate company focused on acquiring, developing, redeveloping, financing, managing and disposing of commercial real estate properties located primarily in the greater metropolitan Washington, D.C. marketplace and its surrounding areas.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Refer friends to Select and get $200 in credit.Register Here×
Connect Now is less than two weeks away. Prices go up May 30.Reserve your seat today.×