June 28, 2018
Woodbridge, VA – Transwestern today announces it brokered the disposition of a 78,684-square-foot industrial portfolio at 13600 and 13610 Dabney Road in Woodbridge, Virginia. International Real Estate LLC purchased the properties from Universal Dynamics for $5.25 million. Transwestern Senior Vice President Dennis Flynn represented Universal Dynamics, which is relocating to a larger facility in Fredericksburg.
“This is a well-located portfolio, just 25 minutes outside of Washington, D.C.,” said Flynn. “There is a dwindling supply of industrial properties along Northern Virginia’s Interstate 95 corridor, as many are being redeveloped for other uses, like multifamily, office and retail, making this a wise investment for International Real Estate LLC.”
The properties have 230 parking spaces and sit on 8.3 acres and offer an additional floor area ratio of 50,000 to 60,000 square feet.
“The Dabney Road facility has been an excellent base of manufacturing operations for our company for 50 years,” said Universal Dynamics President Bill Goldfarb. “Dennis Flynn of Transwestern was vital to completing the deal, with his controlled, hands-on and informative process.”
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 211 offices in 36 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern.