JCR Cos Acquires Festival At Manassas Retail Center In Manassas VA For $24.54M
8207 Sudley Road
$24,540,000
$208/SF
Building Size
117,600 SF
Asset Type
Retail
Closing
Aug 5, 2026
AI
The property involved in this transaction is a retail shopping center located at 8207 Sudley Road, Manassas, VA. The asset encompasses 117,600 square feet and was sold for a total price of $24,540,000, which equates to a price per square foot of $209.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $24,540,000
- Address: 8207 Sudley Road
- Market: Manassas, VA
- Square Footage: 117,600
- Price Per Square Foot: $209
- Buyer: JCR Cos
- Seller: David Fink - Finmarc Management Inc
JCR Cos. has expanded its suburban retail portfolio in Northern Virginia through this acquisition from Finmarc Management Inc., marking a significant transaction within the market.
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
0.65%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93