Updated May 12, 2025
JKP VA LLC Acquires Industrial Property From PRI Corporation For $7.85 Million In Springfield VA
7942 Cluny Court
$7,850,000
$200/SF
Building Size
39,243 SF
Asset Type
Industrial
Closing
Apr 10, 2025
About this deal
AI
The asset involved in the transaction is an industrial property located at 7942 Cluny Court in Springfield, Virginia. The sale price for the property was $7,850,000. The property spans 2.21 acres and has a total size of 39,243 square feet, resulting in a price per square foot of $200.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,850,000
- Address: 7942 Cluny Court
- Market: Springfield, VA
- Acres: 2.21
- Square Feet: 39,243
- Price Per Square Foot: $200
- Buyer: JKP VA LLC
- Seller: PRI Corporation
- Brokers: Bryn Merrey & John Faus - Marcus & Millichap
The transaction involved JKP VA LLC as the buyer and PRI Corporation as the seller, with Bryn Merrey and John Faus representing them through Marcus & Millichap in this deal.
On the Map
$7,850,000
$200/SF
Industrial
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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
2.02%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93