Serafin Real Estate Announces $17 Million Sale of Original Arcola Elementary School to Loudoun County Board of Supervisors
Serafin Real Estate announces the $17 million sale of the Original Arcola Elementary School in Aldie, VA, to the Loudoun County Board of Supervisors. This strategic acquisition enhances the county’s educational infrastructure amid rapid growth and increasing demand for institutional properties.
— Serafin Real Estate is pleased to announce the successful sale of the Original Arcola Elementary School, a 44,384-square-foot institutional property located at 24328 Marrwood Drive, Aldie, VA. The property was acquired by the Loudoun County Board of Supervisors for $17 million, marking a strategic investment in the county’s expanding educational and community-use infrastructure.
For a full case study and key market insights, visit: https://serafinre.com/2025/02/26/serafin-real-estate-arcola-elementary-sale/.
Originally built in 1973 as a Loudoun County public school, the facility was later repurposed for private educational use. Situated on 14.63 acres just off Route 50, the property’s prime location near major employers—including Amazon and Microsoft—made it a rare institutional asset in a high-demand market.
Serafin Real Estate, led by Joe Serafin, Principal Broker and Owner, represented the seller in the transaction. Through a strategic repositioning of the property, the firm was able to maximize market potential and secure an optimal buyer.
“This sale demonstrates the importance of patience, market positioning, and knowing the true value of an asset,” said Joe Serafin, Principal Broker and Owner of Serafin Real Estate, who represented the seller in the transaction. “By strategically repositioning the property after the existing tenant vacated, we successfully identified the right buyer—Loudoun County—who saw the long-term potential of this site.”
Initially marketed as a triple-net investment, the property faced challenges due to a long-term tenant with a below-market lease. However, after the space became vacant, Serafin Real Estate pivoted to targeting institutional owner-users, significantly increasing interest and ultimately achieving full value in the sale.
The acquisition aligns with Loudoun County’s ongoing growth and increasing need for educational and community-use properties. The property’s prime location near major employers and residential developments, combined with the county’s rapid population and economic expansion, contributed to its strong market positioning. Loudoun County remains one of the fastest-growing regions in the United States, and the limited supply of institutional properties made this acquisition a key opportunity for the county’s long-term infrastructure strategy.
“This transaction exemplifies how strategic marketing, persistence, and an in-depth understanding of market trends can lead to an optimal outcome,” added Serafin. “We’re proud to have played a role in securing a buyer who will utilize the property for a purpose that directly benefits the Loudoun County community.”
Serafin Real Estate is a premier commercial real estate brokerage specializing in institutional, early education, industrial, and investment properties throughout Loudoun County, Fairfax County, and Prince William County. A Best of Loudoun award winner and CoStar Power Broker Award recipient, the firm has successfully closed over $670 million in commercial transactions, delivering top-tier results for property owners and investors.
About the company: Commercial Lending News offers timely insights into commercial real estate, lending, banking, finance, interest rates, REITs, acquisitions, and industry-shaping technologies.
Contact Info:
Name: Edward Winslow
Email: Send Email
Organization: US Commercial Lending News
Address: 135 West 36th Street NY NY 10018
Phone: 203-912-7244
Website: https://uscommerciallending.com
Release ID: 89154760
In the event of encountering any errors, concerns, or inconsistencies within the content shared in this press release, we kindly request that you immediately contact us at [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our dedicated team will be readily accessible to address your feedback within 8 hours and take appropriate measures to rectify any identified issues or facilitate press release takedowns. Ensuring accuracy and reliability are central to our commitment.
link
