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Institutional Property Advisors Facilitates $19.9M Sale Of Fully Leased Industrial Property In Woodbridge

Property Image
SOLD
$19,900,000
Chandler Pace
Robert (Bob) Filley

Virginia

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Industrial279,636 SF
Sold 10/27/2023
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Property Image
SOLD

Institutional Property Advisors Facilitates $19.9M Sale Of Fully Leased Industrial Property In Woodbridge

15111 Farm Creek Drive & 15151 Farm Creek Drive

See Similar Deals
Industrial279,636 SF
Sold 10/27/2023
Chandler Pace
Robert (Bob) Filley
the dealplayerscompscontact
Contact now

Summary

VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$71
Total Square Footage:279,636 SF
Transaction Type:Sale

A fully leased two-building industrial property in Woodbridge, VA has been sold for $19.9 million. The property, located at 15111 Farm Creek Drive and 15151 Farm Creek Drive, spans approximately 8 acres. It offers a total of 139,818 square feet of space at a price per square foot of $142.

Summary of transaction details

  • Property Type: Industrial
  • Sale Price: $19,900,000
  • Square Footage: 139,818
  • Price per Square Foot: $142
  • Address: 15111 Farm Creek Drive & 15151 Farm Creek Drive
  • Market: Woodbridge, VA

Institutional Property Advisors (IPA), a division of Marcus & Millichap, facilitated the transaction. Chandler Pace and Robert Filley from Institutional Property Advisors represented the parties involved in the deal.

NOTE: The sale of this fully leased industrial property in Woodbridge was facilitated by Institutional Property Advisors (IPA), a division of Marcus & Millichap. The property, consisting of two buildings, was sold for $19.9 million.

Players

Robert (Bob) Filley
Marcus & Millichap
Robert Filley
8 deals$108.3M volume(202) 536-3736
BROKER
Chandler Pace
Institutional Property Advisors
Chandler Pace
2 deals$61.9M volume(202) 536-3744
BROKER

Details

SOLD
IMAGE: Chandler Pace & Robert Filley DATE: 10/27/2023 ADDRESS: 15111 Farm Creek Drive & 15151 Farm Creek Drive MARKET: Woodbridge, VA ASSET TYPE: Industrial ~ ACRES: 8 BROKERS: Chandler Pace & Robert Filley - Institutional Property Advisors SALE PRICE: $19,900,000 SF: 139,818 ~ PPSF: $142 NOTE: Institutional Property Advisors (IPA), a division of Marcus & Millichap, facilitated the $19.9 million sale of a fully leased two-building industrial property in Woodbridge, located approximately 26 miles south of Washington, D.C.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$70,700.50
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