Updated Dec 4, 2024
Triten Real Estate Partners Acquires Industrial Asset In Manassas For $10.3 Million
9440 Contractors Court & 9480 Contractors Court
$10,300,000
$9/SF
Building Size
541,015 SF
Asset Type
Industrial
Closing
May 17, 2024
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 9440-9480 Contractors Ct in Manassas, VA. The sale price for the property was $10,300,000, encompassing a total square footage of 541,015 and a price per square foot of $19.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,300,000
- Address: 9440-9480 Contractors Ct
- Market: Manassas, VA
- Square Footage: 541,015
- Price Per Square Foot: $19
- Buyer: Triten Real Estate Partners
- Seller: Transatlantic Realty
- Buyer's Representative: Jose Sasson Lerner & Roberto Susi - AXIOM Capital Advisors; Jennifer Stein - Jennifer Stein Real Estate, Inc.
- Seller's Representative: Carter Wiley - The Wiley Companies
Triten Real Estate Partners, represented by Jose Sasson Lerner, Roberto Susi of AXIOM Capital Advisors, and Jennifer Stein of Jennifer Stein Real Estate, Inc., has entered into this acquisition with a strategic move into a new market. Stephen Jehle of Transatlantic Realty represented the seller in this transaction, with Carter Wiley of The Wiley Companiesacting as the seller's representative.
On the Map
$10,300,000
$9/SF
Industrial
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Players
Manassas 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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93