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7486 Stream Walk Ln, Manass...

First National Realty Partners Acquires Promenade At Manassas In Retail Sale
SOLDRetail

First National Realty Partners Acquires Promenade At Manassas In Retail Sale

7486 Stream Walk Ln, Manassas, VA...

Building Size

287,000 SF

Asset Type

Retail

Closing

Nov 22, 2023

AI

The Promenade at Manassas is a 287,000-square-foot shopping center located at 7486 Stream Walk Ln, Manassas, VA. Built in 1995, this retail property features an anchor tenant, Home Depot, occupying 107,000 square feet. Situated in the market of Manassas, the center also houses other tenants such as Oh! Market, Ashley Home Furniture, Planet Fitness, The Tile Shop, and Sherwin-Williams. The property's strategic location is at the intersection of I-66 and Sudley Road, just 31 miles west of Washington, D.C.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not disclosed
  • Seller's Rep: Ryan Sciullo (CBRE)
  • Buyer: First National Realty Partners
  • SF: 287,000

Ryan Sciullo of CBRE played a crucial role in the sale of the Promenade at Manassas, representing the undisclosed seller in the transaction. On the other side of the deal, First National Realty Partners LLC made the acquisition. The specifics of the sales price were not revealed to the public.

Players

Ryan Sciullo

CBRE

Broker

$168M

vol

7 deals

Broker
First National Realty Partners
First National Realty PartnersBuyer

Manassas Retail Market Snapshot

Boundary boundary · Retail · 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