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RST Development Acquires Development Site From CSB Family Investors LLC For $12.5M In Manassas VA

Property Image
SOLD
$12,500,000

Virginia

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Development Site141,180 SF
Sold
the dealdetailscomps
Property Image
SOLD

RST Development Acquires Development Site From CSB Family Investors LLC For $12.5M In Manassas VA

8503 Euclid Avenue & 8505 Euclid Ave Mana

See Similar Deals
Development Site141,180 SF
Sold
the dealdetailscomps

Summary

VIRGINIA
Asset Type:Development Site
Price Per Square Foot:$88
Total Square Footage:141180 SF
Transaction Type:Sale

The property involved in the transaction is a development site located at 8503 Euclid Avenue & 8505 Euclid Ave in Manassas, VA. It encompasses a total of 70,590 square feet on a 7-acre lot and was sold for $12,500,000, which equates to a price per square foot of approximately $177.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $12,500,000
  • Address: 8503 Euclid Avenue & 8505 Euclid Ave
  • Market: Manassas, VA
  • Buyer: RST Development
  • Seller: CSB Family Investors LLC
  • Square Footage: 70,590
  • Price per Square Foot: $177

Virginia Beach-based RST Development acquired the Conner Commerce Center with intentions to redevelop it into 300 multifamily units, indicating a significant transition from its previous use as a warehouse.

Players

RD
RST Development
BUYER

Details

SOLD
IMAGE: 03/06/2026 ADDRESS: 8503 Euclid Avenue & 8505 Euclid Ave MARKET: Manassas, VA ASSET TYPE: Development Site BUYER: RST Development SELLER: CSB Family Investors LLC SALE PRICE: $12,500,000 SF: 70,590 ~ PPSF: $177 NOTE: Virginia Beach-based RST Development paid $12.5M for Conner Commerce Center, a 70.6K‑sf warehouse on 7 acres in Manassas Park, VA, with plans to redevelop it into 300 multifamily units.

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