CPA 17-Global LLC, the REIT affiliate of W.P. Carey, purchased an industrial building at 1501 Moran Road in Sterling, VA, from Cambridge for approximately $25 million, or about $153 per square foot.
The 163,110-square-foot property was constructed in 1980 and will be fully occupied by Cuisine Solutions, a prepared foods company that signed a 20-year lease.
Andrew Czejak was the in-house representative for Cambridge and Richard Pinola represented CPA 17-Global internally.
Please see CoStar COMPS #2594193 for more information on this transaction.