SOLD

Former Millennium Bank Building

1051 Elden Street, Herndon, VA.

Martin Kibbe listed the former Millennium Bank Building for sale after federal regulators shut the bank down and handed over its  deposits to Washington First Bank. The building was owned by a Potomac, Maryland based LLC.

1051 Elden is a two story, 7,400 SF office building on three quarters of an acre with good parking. The property zoning allowed a good variety of uses and fetched a variety of offers. SSE LLC’s offer of $270 PSF and settlement in thirty days was accepted.   SSE bought the building as is and will renovate the property for its own use. Settlement started on December 2, 2014 and took over thirty days to finish. The buyer was in China. China’s lack of notaries required many weeks of appointments at the US Embassy.