Marcus & Millichap closes $42 Million sale of industrial assemblage in Manassas, VA

Robert Filley, Haris Hanifi, Adrian Mendoza & Brian Hosey rep. seller, procure buyer

MANASSAS, VA — Marcus & Millichap announced the sale of two adjacent industrial properties in Manassas for $42 million.

Located within Northern Virginia’s data center corridor, the properties comprise 14 acres of industrial-zoned land with long-term data center redevelopment potential. The transaction included the sale of Goode Business Center, a two-building, 135,000 s/f industrial storage and manufacturing complex located on 10 acres at 12269 Livingston Rd., and Atlantic Building Supply, an 18,000 s/f industrial warehouse facility located on nearly four acres at 12249 Livingston Rd.

“Northern Virginia remains the largest and most active data center market in the world, and infrastructure-sensitive industrial land in this corridor continues to attract significant interest,” said Robert Filley, senior managing director, investments with Marcus & Millichap. “This transaction reflects the continued convergence of industrial real estate, power availability, land scarcity, and long-term data center demand.” Robert Filley, Haris Hanifi, and Adrian Mendoza of Marcus & Millichap, in association with Brian Hosey, the firm’s broker of record in Virginia, represented the seller and procured the buyer.

“What made this transaction unique was the strategic assemblage of the two adjacent parcels,” said Hanifi, associate director investments with Marcus & Millichap. “The original 10-acre site alone had limitations, but by incorporating the neighboring four-acre parcel, the combined 14-acre site created a stronger long-term redevelopment opportunity in one of the country’s most competitive data center markets.”

Located near major transportation corridors, the properties offer strategic access to Northern VA’s industrial and data center market.