Chuck Kuhn Net Worth: Chuck Kuhn, president of Sterling-based JK Moving Services and one of Loudoun County’s most active land speculators, had a very good time on July 30. Kuhn affiliate 41992 John Mosby Highway LLC sold 90 undeveloped acres in Arcola, previously owned by the Inova Health System Foundation, to Colorado-based NOVA WPC LLC on that day for $98.67 million, or around $1.1 million an acre, according to public records. The same property was acquired by Kuhn for $20 million in June 2018. In 13 months, he quintupled his cash without building a thing.
That Colorado LLC sold the property to Vadata Inc., an Amazon.com Inc. affiliate, for $116.4 million, per Loudoun records, on the same July day. According to sources familiar with the contract, NOVA WPC LLC is an affiliate of Colorado-based White Peaks Capital.
Chuck Kuhn Net Worth: $12.5 million
The higher price paid by Amazon presumably represents site work on the raw land that needs to be done. At this point, Kuhn is accustomed to turning big profits on land in data centers. A 39-acre tract on Route 606 was acquired for $12.5 million by Kuhn and D.C.-based DBT Development Company across from the car auction in 2016.
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