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7398 Ward Park Lane

NorthBridge Partners Acquires Industrial Asset At 7398 Ward Park Lane For $6.5M
SOLDIndustrial

NorthBridge Partners Acquires Industrial Asset At 7398 Ward Park Lane For $6.5M

7398 Ward Park Lane

Building Size

43,552 SF

Asset Type

Industrial

Closing

Aug 3, 2026

AI

The property asset involved in the transaction is an industrial space located at 7398 Ward Park Lane in Springfield, VA. The asset encompasses a total square footage of 43,552. The transaction took place on 08/03/2026.

Summary of transaction details:

Key individuals involved in the transaction include Greg Lauze representing the buyer NorthBridge Partners and Aaron Malitzky along with Ariel Tambor representing the seller Kadima Industrial Partners. The brokers who facilitated the deal are Steven Pollan and Shaya Nisnevitz from KSR.

Players

Steven Pollan

Kassin Sabbagh Realty

Broker

$1.2B

vol

15 deals

Broker
Greg Lauze

Greg Lauze

Northbridge Partners Fund

Buyer

$418.4M

vol

8 deals

Buyer
Ariel Tambor

Ariel Tambor

Kadima Industrial Partners

Seller

$342.2M

vol

6 deals

Seller

Springfield 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93