The small building at 7025 Columbia Pike known as Anna ’N Dale’s Newsstand has sold for the second time in 2013.
Shafik Aasef of Annandale bought the building Feb. 28 from Chung Moon in a foreclosure auction for just $645,000, making it a prime target for flipping. “It’s unusual for an affordable piece of commercial property to come up for sale, so he jumped on it,” said Kenneth Matzkin of Buck Commercial, a real estate company based in Arlington.
Aasef sold it in March to the Ashkar family, Matzkin said. He declined to give the sales price until the closing, which will take place next week.
There are several separate businesses in the building, including magazines, an “adult” section, men’s clothes, wedding invitations, and lawnmower repair. The property includes a separate small structure housing Advance Electronics and Appliances, a repair business.
The main tenant, George Gabriel, said “nothing will change” and that he has no plans to leave. Matzkin confirmed that the new owner plans to keep the current tenants—at least for the time being. According to Gabriel, the monthly rent for the building is $3,100.
The two-story, 2,647-square foot building was constructed in 1950 as a single-family house. The property is zoned C5, which permits a variety of commercial uses, such as food stores, drugstores, small specialty shops, and small professional offices.