Vienna, VA (August 2019) – Rosenthal Properties is pleased to announce the acquisition of 8397 Terminal Road in Lorton, VA for $9.9 million.
“Northern Virginia is a supply-constrained market with limited investment opportunities, we are fortunate to have acquired this off-market opportunity as we continue to grow our industrial investment portfolio,” said Glenn Rosenthal, President of Rosenthal Properties.
The property includes a large outdoor storage component and is zoned I-6 (heavy industrial). It is currently leased to Carpet, Binding & Fringing Inc. and DPR Construction. The 35,000 square foot vacancy includes multiple dock-high and drive-in loading doors with an abundant paved outdoor storage lot. The property has 24-foot clear ceiling heights and outstanding accessibility off Interstate 95 and Fairfax County Parkway.
The seller was represented by Bert Harrell, a Principal at Avison Young.
About Rosenthal Properties:
Founded in 1999, Rosenthal Properties is regarded as one of the Washington area’s most reputable, fully-integrated commercial real estate firms, offering its clients a full range of services, including property management, leasing, and construction management. Currently, the company owns, leases or manages a portfolio of approximately 6.9 million square feet of investment-grade retail centers, industrial parks and office buildings throughout Virginia, Maryland, and Washington, DC, including Penn Mar Shopping Center in Forestville, Maryland, Stonehenge Village in Richmond, Virginia and Prince William Square Shopping Center in Woodbridge, Virginia, among others. For additional information on the full scope of the company’s services, visit www.rosenthalproperties.com.