Updated Sep 23, 2026
Jacob Schulder Of Victoria Industrial Properties And Lincoln Equities Group Acquires Industrial Portfolio For $62.5M
380 Herndon Parkway, 400 Herndon Parkway & 45745 Nokes Boulevard
$62,500,000
$66/SF
Building Size
312,000 SF
Asset Type
Industrial
Closing
Sep 21, 2026
About this deal
AI
The asset involved in this transaction is a seven-building flex-industrial portfolio located at 380-400 Herndon Parkway & 45745 Nokes Boulevard in Herndon & Sterling, VA. The sale was concluded at a price of $62,500,000, with a total square footage of 312,000 and a price per square foot of $200.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $62,500,000
- Buyer: Jacob Schulder - Victoria Industrial Properties & Lincoln Equities Group
- Seller: Klein Enterprises
- Location: 380-400 Herndon Parkway & 45745 Nokes Boulevard
- Market: Herndon & Sterling, VA
- Size: 312,000 SF
- Price per Square Foot: $200
This transaction was facilitated between Jacob Schulder representing both Victoria Industrial Properties and Lincoln Equities Group in acquiring the property from Klein Enterprises. They executed the transaction within the context of Northern Virginia’s Dulles Tech Corridor.
On the Map
$62,500,000
$66/SF
Industrial
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Players
Parkway 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93