Ares Management Acquires Industrial Asset From Ron Selfe In Manassas For $15.05M

The asset involved in the transaction is an industrial property located at 11775 Lexington Valley Drive in Manassas, VA. The sale price of this property was $15,048,000, which translates to approximately $285 per square foot for a total area of 52,800 square feet.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $15,048,000
• Address: 11775 Lexington Valley Drive
• Market: Manassas, VA
• Square Footage: 52,800
• Price Per Square Foot: $285
• Buyer: Ares Management
• Seller: Ron Selfe
• Brokers: Shaya Nisnevitz & Bunny Escava - KSR

The deal was facilitated by the brokerage team of Shaya Nisnevitz and Bunny Escava, who represented the transaction between the buyer, Ares Management, and the seller, Ron Selfe. This collaboration highlights the involvement of key professionals in ensuring the successful completion of this industrial property sale.