Adler Real Estate Partners Acquires Industrial Property In Chantilly, Va For $23M
15002 Northridge Drive, Chantilly, VA, USA
$23,000,000
$209/SF
Building Size
110,000 SF
Asset Type
Industrial
Closing
Nov 22, 2021
AI
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
Chantilly Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93