Marcus & Millichap has completed the sale of 7942 Cluny Ct., a 39,243-square-foot industrial property in Springfield, Virginia. The property sold for $7.85 million. 

Positioned in a high-demand submarket with a 98.8% occupancy rate, the property benefits from consistent leasing activity and proximity to Washington, D.C. Faus and Bryn Merrey, investment specialists in Marcus & Millichap’s Washington D.C. office, had the exclusive listing to market the property on behalf of the seller, PRI Corporation, and procured the buyer, JKP VA LLC.  

Situated on 2.21 acres at 7942 Cluny Ct., the property was built in 1979 and is located within the Fullerton Road Industrial Park, minutes from Interstate 95 and the Capital Beltway. The small-bay flex and industrial asset features ideal unit sizes, with a combination of drive-in and dock loading options.

“The Springfield industrial market continues to demonstrate exceptional fundamentals, driven by its proximity to major transportation corridors and sustained demand for small-bay industrial space,” said John Faus, senior associate.