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Rock Creek Property Group & Ideal Realty Group Acquire Woodbridge Retail Portfolio For $52.8M

Property Image
SOLD
$52,800,000

Virginia

See Similar Deals
Retail470,000 SF
Sold 08/30/2023
the dealdetailscomps
Property Image
SOLD

Rock Creek Property Group & Ideal Realty Group Acquire Woodbridge Retail Portfolio For $52.8M

4385 Dale Boulevard Woodbridge, VA 22193, USA

See Similar Deals
Retail470,000 SF
Sold 08/30/2023
the dealdetailscomps

Summary

VIRGINIA
Asset Type:Retail
Price Per Square Foot:$112
Total Square Footage:470,000 SF
Transaction Type:Sale

Interstate Management Inc. has sold a portfolio of four retail centers totaling 470,000 square feet in Woodbridge, VA, for $52.8 million. The properties included in the portfolio are located at 4385 Dale Boulevard, 5429 Mapledale Plaza, 4136 Dale Boulevard, and 4338 Dale Boulevard. This transaction marks a significant sale in the Woodbridge market.

Summary of transaction details

  • Property Type: Retail
  • Sale Price: $52,800,000
  • SF: 470,000
  • PPSF: $112
  • Buyer: Gary Schlager & Andrew Glick - Rock Creek Property Group & Ideal Realty Group
  • Seller: Interstate Management Inc

The joint venture involved in the purchase of these retail centers includes Ideal Realty Group, Rock Creek Property Group, and Sigmund Cos. Gary Schlager and Andrew Glick, representing Rock Creek Property Group and Ideal Realty Group respectively, played a key role in the acquisition.

Details

SOLD
IMAGE: Gary Schlager & Andrew Glick DATE: 08/30/2023 ADDRESS: 4385 Dale Boulevard, 5429 Mapledale Plaza, 4136 Dale Boulevard & 4338 Dale Boulevard MARKET: Woodbridge, VA ASSET TYPE: Retail BUYER: Gary Schlager & Andrew Glick - Rock Creek Property Group & Ideal Realty Group SELLER: Interstate Management Inc SALE PRICE: $52,800,000 SF: 470,000 ~ PPSF: $112 NOTE: Interstate Management Inc. has sold a portfolio of four retail centers totaling 470,000 square feet in Daly City, VA, for $52.8 million to a joint venture involving Ideal Realty Group, Rock Creek Property Group, and Sigmund Cos.

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