facebook
Traded Co logo
Submit

Triten Real Estate Partners Acquires Industrial Asset In Manassas For $10.3 Million

Property Image
SOLD
$10,300,000
Roberto Susi
Jennifer Stein
+ 1

Virginia

See Similar Deals
Industrial1,082,030 SF
Sold 05/17/2024
the dealplayerscompscontact
Property Image
SOLD

Triten Real Estate Partners Acquires Industrial Asset In Manassas For $10.3 Million

9440 Contractors Court & 9480 Contractors Court

See Similar Deals
Industrial1,082,030 SF
Sold 05/17/2024
Roberto Susi
Jennifer Stein
+ 1
Contact now

Summary

VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$9
Total Square Footage:1,082,030 SF
Transaction Type:Sale

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:

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.

Players

Jose Sasson Lerner
75 deals$827.5M volume(786) 393-8089
BROKER

Roberto Susi
AXIOM Capital Advisors
69 deals$870.7M volume
BROKER

Jennifer Stein
5 deals$40.2M volume(213) 446-5366
BROKER

Carter Wiley
1 deal$10.3M volume(703) 298-8129
BROKER

Details

SOLD
IMAGE: Roberto Susi, Jose Sasson Lerner, Carter Wiley & Jennifer Stein DATE: 05/17/2024 ADDRESS: 9440-9480 Contractors Ct MARKET: Manassas, VA ASSET TYPE: Industrial BUYER: Triten Real Estate Partners - Daniel Coffman SELLER: Transatlantic Realty – Stephen Jehle BUYER'S REP: Jose Sasson Lerner & Roberto Susi (@RSusi29) - AXIOM Capital Advisors; Jennifer Stein - Jennifer Stein Real Estate, Inc. SELLER'S REP: Carter Wiley - The Wiley Companies SALE PRICE: $10,300,000 SF: 541,015 ~ PPSF: $19 NOTE FROM BROKER: Triten is making bold moves and entering a new market with this acquisition. Jennifer Stein of Jennifer Stein Real Estate, Inc. in conjunction with out of state cooperating broker Roberto Susi & Jose Sasson Lerner of Axiom Capital Advisors ("Collectively Buyer's Broker") represented Triten in this Purchase.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$549,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06