Sterling warehouse sells for $20.8M
Logistics company leases structure near Dulles International Airport
Published
Washington, D.C.-based financial technology company Fundrise has purchased a 76,500-square-foot warehouse located at 22480 Randolph Drive in Sterling for $20.8 million, Edge Capital Markets announced Thursday.
Edge Capital Markets declined to name the seller.
The warehouse is in Broad Run Business Park near the intersection of Randolph Drive and Moran Road, north of Dulles International Airport. It was built in 2005 and sits on 6.78 acres of land. Tennessee-based Forward Air Corp., a third-party logistics company and last-mile ground delivery service provider, is currently leasing the building.
Joe Friedman with Edge Capital Markets led a team that included Christine Klein, Wilson Purcell and Joshua Norwitz which represented the seller and original developer and also procured the buyer.
Related Stories
Herndon office buildings acquired near Amazon Web Services
Goodstone LLC and Waterfall Asset Management secured $49.6M to acquire and renovate the buildings.
February activity signals busy spring for NoVa home sales
Pace and price of sales up in Northern Virginia
Manufacturing/logistics building coming to Meadowville Technology Park
Project is first spec development at Chesterfield County-owned tech park
