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Adler Real Estate Partners Acquires Industrial Property In Chantilly, Va For $23M

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SOLD
$23,000,000

Virginia

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Industrial110,000 SF
Sold 11/22/2021
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SOLD

Adler Real Estate Partners Acquires Industrial Property In Chantilly, Va For $23M

15002 Northridge Drive, Chantilly, VA, USA

See Similar Deals
Industrial110,000 SF
Sold 11/22/2021
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Summary

VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$209
Total Square Footage:110,000 SF
Transaction Type:Sale

Adler Real Estate Partners has acquired an industrial property in Chantilly, Virginia, for a sale price of $23,000,000. The property, located at 15002, 15004, and 15006 Northridge Drive, spans approximately 110,000 square feet. This translates to a price per square foot of $209. The seller, Strategic Capital Partners, was represented by Richard Horn. The deal was facilitated by brokers Michael Blunt and Clay Ellis from Colliers.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $23,000,000
  • Address: 15002, 15004 & 15006 Northridge Drive, Chantilly, VA
  • Market: Chantilly, VA
  • Buyer: Adler Real Estate Partners
  • Seller: Strategic Capital Partners - Richard Horn
  • Brokers: Michael Blunt & Clay Ellis - Colliers

The acquisition of this industrial property in Chantilly, VA was completed by Adler Real Estate Partners. Richard Horn, representing Strategic Capital Partners, facilitated the sale. The transaction was successfully managed by Michael Blunt and Clay Ellis, brokers from Colliers.

Players

Michael Blunt
5 deals$69.6M volume
BROKER

Clay Ellis
Colliers
5 deals$69.6M volume
BROKER

Adler Real Estate Partners
BUYER

Details

SOLD
IMAGE: Michael Blunt, Richard Horn & Clay Ellis DATE: 11/22/2021 ADDRESS: 15002, 15004 & 15006 Northridge Drive MARKET: Chantilly, Va ASSET TYPE: Industrial BUYER: Adler Real Estate Partners SELLER: Strategic Capital Partners - Richard Horn BROKERS: Michael Blunt & Clay Ellis - Colliers SALE PRICE: $23,000,000 SF: 110,000 ~ PPSF: $209

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,226,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$81,714.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$109,031.73
Annual Debt Service$1,308,380.81