The Davis Companies And Davin Holdings Acquire Commercial Property In Manassas, VA For $45.8M
7401 Gateway Court, Manassas, Virginia 20109, United States
$45,800,000
$216/SF
Building Size
212,000 SF
Asset Type
Commercial
Closing
Jan 3, 2022
AI
The commercial property located at 7345, 7663, and 7795 Coppermine Drive, as well as 7201, 7301, and 7401 Gateway Court in Manassas, VA, has been sold in a recent transaction. The property spans a total area of 212,000 square feet and was sold for a price of $45,800,000, resulting in a price per square foot of $216. The transaction was facilitated by Marc Tasker, Ryan Moody, and Christopher Kubler of NAI KLNB, who represented the buyer, The Davis Companies and Davin Holdings, and the seller, Finmarc Management's Sean Sullivan.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $45,800,000
- Address: 7345, 7663, & 7795 Coppermine Drive, 7201, 7301, & 7401 Gateway Court, Manassas, VA
- Market: Manassas, VA
- Square Footage: 212,000
- Price per Square Foot: $216
- Buyer: The Davis Companies, Davin Holdings
- Seller: Finmarc Management - Sean Sullivan
- Broker: Marc Tasker, Ryan Moody & Christopher Kubler - NAI KLNB
The Davis Companies and Davin Holdings completed the purchase of the commercial property in Manassas, VA, with the assistance of their broker representatives, Marc Tasker, Ryan Moody, and Christopher Kubler from NAI KLNB. Meanwhile, Sean Sullivan, representing Finmarc Management, acted as the seller in the transaction. The property's prime location and attractive characteristics contributed to its successful sale.
Players
Manassas Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93