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Marcus & Millichap Sells Fully Leased Shopping Center In Manassas VA For $10.2M
SOLD
$10,200,000
Virginia
See Similar DealsRetail67,022 SF
Sold 06/03/2026
SOLD
Marcus & Millichap Sells Fully Leased Shopping Center In Manassas VA For $10.2M
8805 Centreville Road
See Similar DealsRetail67,022 SF
Sold 06/03/2026
Summary
VIRGINIA
Asset Type:Retail
Price Per Square Foot:$152
Total Square Footage:67,022 SF
Transaction Type:Sale
A 67,022-square-foot shopping center located at 8805 Centreville Road in Manassas, VA was sold for $10,200,000. The retail asset, built in 1981, is fully leased and anchored by H Mart.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,200,000
- Square Footage: 67,022 SF
- Price Per Square Foot: $152
- Date of Sale: 06/03/2026
- Brokers: Dean Zang & David Crotts - Institutional Property Advisors
- Buyer: 1031 exchange investor
The transaction was arranged by Marcus & Millichap, facilitating the acquisition of the asset which was purchased across three entities. The buyer had previously acquired nearby outparcels leased to Taco Bell, Burger King, and SunTrust Bank.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$544,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,238.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,353.20
Annual Debt Service$580,238.45
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