JK Land Holdings Acquires Industrial Warehouse In Sterling Virginia For $28.5 Million
45190 Ocean Court
$28,500,000
$342/SF
Building Size
83,330 SF
Asset Type
Industrial
Closing
Feb 2, 2026
AI
An industrial warehouse property located at 45190 Ocean Court in Sterling, Virginia, has been sold for $28,500,000. The property, spanning 83,330 square feet, illustrates a price per square foot of $342.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $28,500,000
- Buyer: JK Land Holdings
- Seller: Sterling Davis Properties LLC
- Brokers: Ryan Goeller, Chase Stewart & Jeff Tarae - KLNB
- Sale Date: 02/02/2026
KLNB facilitated the off-market acquisition, representing JK Land Holdings in this transaction, providing brokerage services to ensure the successful completion of the sale.
Players
Sterling 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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93