Marcus & Millichap Closes $42M Industrial Sale in Virginia’s Data Center Corridor

Marcus & Millichap brokered the sale of two adjacent industrial properties in Manassas, Virginia, for $42 million.

Located within Northern Virginia’s data center corridor, the properties comprise approximately 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, approximately 135,000-square-foot industrial storage and manufacturing complex located on approximately 10 acres at 12269 Livingston Road, and Atlantic Building Supply, an approximately 18,000-square-foot industrial warehouse facility located on nearly four acres at 12249 Livingston Road.

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. “This transaction reflects the continued convergence of industrial real estate, power availability, land scarcity, and long-term data center demand, ” said Filley. The properties provide access to major regional transportation routes within Northern Virginia’s industrial and data center ecosystem.