Updated May 12, 2025
The Pinkard Group Acquires Longwood Industrial Portfolio In Fredericksburg VA For $38M
230 Industrial Drive, 11001 Houser Drive, 10934 Houser Drive & 11200 Houser Drive
$38,000,000
$43/SF
Building Size
221,000 SF
Asset Type
Industrial
Closing
Apr 21, 2025
About this deal
AI
The Longwood Industrial Portfolio, consisting of four properties located at 230 Industrial Drive, 11001 Houser Drive, 10934 Houser Drive, and 11200 Houser Drive in Fredericksburg, VA, was sold for $38,000,000. The total square footage of the portfolio is 221,000, translating to a price per square foot of $172.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $38,000,000
- Total Square Feet: 221,000
- Price Per Square Foot: $172
- Buyer: The Pinkard Group
- Broker: Virgil G. Nelson - Cushman & Wakefield
- Market: Fredericksburg, VA
- Seller: GID Solutions
This transaction was facilitated by Virgil G. Nelson, representing The Pinkard Group in this acquisition of the Longwood Industrial Portfolio. The deal reflects the ongoing demand for industrial properties in the Fredericksburg area.
On the Map
$38,000,000
$43/SF
Industrial
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Fredericksburg 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93