Updated Oct 14, 2026
Brookfield Properties Acquires 23.48 Acres Industrial Site In Fairfax VA From Transmontaigne Partners For $30.75M
3790 Pickett Road
$30,750,000
$1,309,625/SF
Building Size
23 SF
Asset Type
Industrial
Closing
Sep 30, 2026
About this deal
AI
3790 Pickett Road is a 23.48-acre industrial asset located in Fairfax, VA, which has been sold for $30,750,000. The property was previously a working petroleum terminal and is now set for logistics redevelopment in a submarket with limited industrial options.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $30,750,000
- Buyer: Brookfield Properties
- Seller: Transmontaigne Partners
- Brokers: Bunny Escava & Charles Fteha - KSR
The transaction involved key players, including Brookfield Properties as the buyer and Transmontaigne Partners as the seller. Bunny Escava and Charles Fteha from KSR represented both sides in this complex deal, which highlights the strategic shift toward logistics redevelopment in the area.
On the Map
$30,750,000
$1,309,625/SF
Industrial
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Players
Fairfax 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
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93