Updated Nov 2, 2026
Jacob Schulder Of Victoria Industrial Properties Acquires Industrial Portfolio From Klein Enterprises For $75M
45745 Nokes Boulevard, 380 Herndon Parkway, 400 Herndon Parkway, 14155 Sullyfield Circle, 14175 Sullyfield Circle, 14225 Sullyfield Circle & 14201 Sullyfield Circle
$75,000,000
$243/SF
Building Size
308,656 SF
Asset Type
Industrial
Closing
Oct 30, 2026
About this deal
AI
The property asset involved in this transaction consists of a seven-building industrial and flex portfolio located at 45745 Nokes Blvd.; 380 & 400 Herndon Pkwy.; 14155, 14175, 14201 & 14225 Sullyfield Cir. in the Sterling, Herndon & Chantilly, VA markets. The sale was concluded for a price of $75 million, encompassing a total area of 308,656 square feet, which translates to a price per square foot of $243.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $75,000,000
- Buyer: Jacob Schulder - Victoria Industrial Properties
- Seller: Klein Enterprises
- Broker: JLL
- Square Footage: 308,656
- Price Per Square Foot: $243
- Date of Sale: 10/30/2026
Jacob Schulder, the founder of Victoria Industrial Properties, has successfully completed the company's first acquisition through this transaction. The deal showcases the expansion of Victoria Industrial Properties in Northern Virginia’s Dulles Corridor.
On the Map
$75,000,000
$243/SF
Industrial
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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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93