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:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 7398 Ward Park Lane
- Market: Springfield, VA
- Buyer: NorthBridge Partners - Greg Lauze
- Seller: Aaron Malitzky & Ariel Tambor - Kadima Industrial Partners
- Brokers: Steven Pollan & Shaya Nisnevitz - KSR
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
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