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15481 Farm Creek Drive

Michael Haggerty Of TA Realty Acquires Featherstone Industrial Park From Glenn Rosenthal For $132M
SOLDIndustrial

Michael Haggerty Of TA Realty Acquires Featherstone Industrial Park From Glenn Rosenthal For $132M

15481 Farm Creek Drive

$132,000,000

$179/SF

Building Size

734,606 SF

Asset Type

Industrial

Closing

Jul 13, 2026

AI

An industrial property located at 15481 Farm Creek Drive in Woodbridge, VA, was sold for $132 million. The asset encompasses a total of 734,606 square feet and consists of 13 buildings, fully leased to 45 tenants, indicating a robust occupancy rate.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $132,000,000
  • Address: 15481 Farm Creek Drive
  • Market: Woodbridge, VA
  • Square Footage: 734,606
  • Price Per Square Foot: $180
  • Buyer: Michael Haggerty - TA Realty
  • Seller: Glenn Rosenthal - Rosenthal Properties & Stockbridge
  • Broker: Newmark

Michael Haggerty represented TA Realty in the acquisition, while Glenn Rosenthal represented Rosenthal Properties and Stockbridge in the sale of Featherstone Industrial Park.

Players

Newmark
NewmarkBrokerage

Michael Haggerty

TA Realty

Buyer

$298.6M

vol

5 deals

Buyer

Glenn Rosenthal

Rosenthal Properties

Seller

$132M

vol

1 deal

Seller
Stockbridge
StockbridgeSeller

Woodbridge 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

0.12%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93