Stream Realty Partners has coordinated the sale of 10904 Carolina Drive, an industrial asset in Manassas, Virginia, for $25 million. The transaction involves a 102,500-square-foot building located in the Interstate 66/Manassas industrial submarket of Prince William County, a key distribution and logistics corridor in Northern Virginia.
The assignment was handled by Stream professionals Caulley Deringer, Executive Vice President Steve Cloud, and Vice President Andrew Hassett, who oversaw the sale process. In addition to its role on the disposition, Stream Realty Partners has been retained to manage leasing at the property on behalf of the new owner, extending the firm’s involvement beyond the closing of the transaction.
The property at 10904 Carolina Drive offers a range of industrial features designed to support distribution, logistics, and outdoor storage uses. Building specifications include 27-foot clear heights, which accommodate modern warehouse racking and material-handling systems. The facility is equipped with eight loading docks to support truck traffic and two drive-in doors, as well as one ramped drive-in for flexible loading and unloading options.
Beyond the building itself, the site includes more than two acres of outdoor storage, providing space for trailer parking, equipment staging, or additional operational needs. An on-site truck scale further enhances functionality for users that rely on precise weight measurement for logistics, shipping, or compliance.
The asset’s location in western Prince William County offers regional connectivity through immediate proximity to Interstate 66 and convenient access to Interstate 95. This transportation network links the property to key cargo, air, and interstate routes serving Northern Virginia and the broader Washington, D.C., area.
In addition to highway access, 10904 Carolina Drive benefits from its position near Manassas Regional Airport and Washington Dulles International Airport. These two airports expand the property’s reach to both regional and international destinations, aligning the facility with users that depend on multimodal transportation options.
Commenting on the transaction, Caulley Deringer, Managing Director at Stream, noted that the sale underscores ongoing strength in the Northern Virginia industrial sector. He highlighted western Prince William County in particular as an area where investor interest remains elevated, with active pursuit of industrial opportunities continuing in that submarket.
The combination of institutional-scale building features, ample outdoor storage, and multi-highway and airport access positions 10904 Carolina Drive as a competitive industrial option within the Interstate 66/Manassas corridor. With Stream Realty Partners now leading leasing efforts, the property is expected to remain closely tied to regional demand drivers in Northern Virginia’s industrial market.
