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
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