Marcus & Millichap Sells 14-Acre Manassas Industrial Portfolio for $42 Million
MMI•Marcus & Millichap closed the $42 million sale of two adjacent industrial properties in Manassas, Virginia, comprising 14 acres and 153,000 square feet of storage, manufacturing and warehouse facilities. Manassas has a 2% industrial vacancy rate and rising rents, underscoring data center land scarcity in the corridor.
1. Sale of Two Manassas Industrial Properties
Marcus & Millichap completed the $42 million sale of Goode Business Center and Atlantic Building Supply in Manassas, Virginia. The deal comprised a two-building, 135,000-square-foot storage and manufacturing complex on 10 acres at 12269 Livingston Road and an 18,000-square-foot warehouse on nearly four acres at 12249 Livingston Road.
2. Northern Virginia Data Center Corridor Demand
Located within the world’s largest data center market, the combined 14-acre site offers long-term redevelopment potential for hyperscale data facilities. Manassas maintains roughly 10 million square feet of industrial inventory, a 2% vacancy rate and rising rents, reflecting scarce infrastructure-sensitive land.
3. Strategic Impact for Marcus & Millichap
The assemblage of adjacent parcels enhances the firm’s positioning in high-demand data corridor land transactions. This sale highlights Marcus & Millichap’s expertise in navigating power availability, land scarcity and long-term industrial-to-data-center conversions, strengthening its investment sales and advisory platform.
