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Dan Connaughton And Matt McCarthy Of Reclamation Partners Acquire Industrial Asset In Sterling For $9.75M

Property Image
SOLD
$9,750,000
Chris Sullivan
Shaya Nisnevitz
Bunny Escava
+ 1

Virginia

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Industrial42,000 SF
Sold
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Property Image
SOLD

Dan Connaughton And Matt McCarthy Of Reclamation Partners Acquire Industrial Asset In Sterling For $9.75M

21955 Cascades Parkway

See Similar Deals
Industrial42,000 SF
Sold
Chris Sullivan
Shaya Nisnevitz
Bunny Escava
+ 1
the dealplayerscompscontact
Contact now

Summary

VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$232
Total Square Footage:42000 SF
Transaction Type:Sale

This industrial asset located at 21955 Cascades Parkway in Sterling, VA, was sold for a transaction amount of $9,750,000. The property encompasses a total space of 42,000 square feet, equating to a price per square foot of $232.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $9,750,000
  • Square Footage: 42,000
  • Price Per Square Foot: $232
  • Buyer: Dan Connaughton & Matt McCarthy - Reclamation Partners
  • Seller: Chris Sullivan - MDI Properties
  • Brokers: Isaac R. Setton, Shaya Nisnevitz & Bunny Escava - KSR

Isaac R. Setton and Shaya Nisnevitz, alongside Bunny Escava, represented the transaction through KSR. The brokers noted that they are actively sourcing off-market warehouses and IOS sites across Virginia, inviting engagement from interested buyers or sellers.

Players

Bunny Escava
Kassin Sabbagh Realty
Bunny Escava
43 deals$1.2B volume(917) 886-7545
BROKER
Isaac R. Setton
Kassin Sabbagh Realty
Isaac R. Setton
29 deals$662.1M volume
BROKER
Shaya Nisnevitz
Kassin Sabbagh Realty
Shaya Nisnevitz
10 deals$96.9M volume
BROKER
Chris Sullivan
Chris Sullivan
10 deals$55.1M volume
SELLER

Details

SOLD
IMAGE: Isaac R. Setton & Shaya Nisnevitz DATE: 3/4/2026 ADDRESS: 21955 Cascades Parkway MARKET: Sterling, VA ASSET TYPE: Industrial BUYER: Dan Connaughton & Matt McCarthy - Reclamation Partners SELLER: Chris Sullivan - MDI Properties BROKERS: Isaac R. Setton (@IsaacrSetton), Shaya Nisnevitz (@Shaya_Nisnevich) & Bunny Escava (@Bunnnyyy) - KSR (@Kassin_Sabbagh_Realty) SALE PRICE: $9,750,000 SF: 42,000 ~ PPSF: $232 NOTE FROM BROKER: We are actively sourcing off market warehouses and IOS sites all over Virginia. Reach out if you are looking to buy or sell!

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

$520,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,639.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,219.97
Annual Debt Service$554,639.69