Marcus & Millichap sells two Manassas industrial properties for $42 million

Marcus & Millichap, Inc.

Marcus & Millichap, Inc.

MMI

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  • Marcus & Millichap closed the sale of two adjacent industrial properties in Manassas, Virginia for $42 million.
  • The deal covered about 14 acres of industrial-zoned land with long-term data center redevelopment potential in Northern Virginia’s data center corridor.
  • Assets included the Goode Business Center, a two-building 135,000-square-foot industrial complex on about 10 acres, and an 18,000-square-foot warehouse on nearly four acres.
  • The transaction was positioned as a land assemblage to improve redevelopment prospects in a market with about 2% industrial vacancy.


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