Triten Real Estate Partners, a real estate investor specializing in industrial outdoor storage (IOS), has recently acquired a 5.45-acre freight facility in Manassas, VA. The property includes an 11,800-square-foot warehouse and maintenance facility with office space. This marks Triten’s first venture into the Virginia market.
According to Danny Coffman, principal at Triten Real Estate Partners, this acquisition is similar to other successful IOS deals executed by the company in the region. The layout and functionality of the property allows for both single tenant use or potential leasing opportunities for multiple tenants in the future. Its strategic location near Washington D.C., along with access to a highly educated workforce make it an attractive investment opportunity.
This latest deal is part of Triten’s joint venture with TPG Angelo Gordon which aims to acquire over $1 billion worth of IOS assets within five years. Since its inception, this partnership has already acquired over $500 million worth of properties across 16 markets.
The expansion into Virginia highlights Triten’s continued growth and success as a leader in industrial real estate investments.
