Serafin Real Estate completed the $14M sale of a 270,000-square-foot industrial facility on 22 acres in Berryville, Virginia, closing January 20, 2026. The property was 53% occupied, giving the buyer immediate use of roughly 130,000 square feet at about $51 per square foot upon transfer.

Berryville, Virginia, United States, January 22, 2026 -- Serafin Real Estate, an award-winning commercial real estate brokerage serving Northern Virginia, announced the closing of an industrial transaction at 351 Station Road in Berryville, Virginia. The 270,000-square-foot facility sold for $14,000,000 on January 20, 2026.

Joe Serafin and Grant Wetmore of Serafin Real Estate represented the seller in the transaction. The sale reflects a growing trend in the Northern Virginia market as owner-users continue to drive property values beyond standard investment yield metrics.

While the sale closed at a 3.66% capitalization rate based on in-place income, the transaction was driven by the property’s intrinsic value-add potential rather than stabilized cash flow. At the time of sale, the building was approximately 53% occupied, allowing the owner-user buyer to secure approximately 130,000 square feet of immediate operational space without displacing existing tenants.

The acquisition cost of approximately $51 per square foot represented a significantly lower price than ground-up construction costs in the current DC metro area market. The buyer also benefits from a steady income stream generated by the existing tenant base, which effectively subsidizes the operating costs of their own occupancy.

Situated on 22 acres in Berryville, the facility offers a unique combination of heavy industrial utility and scale. The 270,000-square-foot building features 22-foot ceilings and was originally built in 1940, with renovations completed in 1980. Located near the intersection of Route 7 and Route 340, the site provides critical access to the Winchester inland port and the broader Washington D.C. metro area. The property’s flexible industrial zoning and large lot size also allow for future expansion or outdoor storage, satisfying a critical need for industrial operators.

This sale reflects Serafin Real Estate's ability to execute complex transactions where the value proposition is driven by operational use, vacancy utilization, and long-term ownership strategy. The brokerage team positioned the asset for the owner-user market by highlighting the scarcity of large-block industrial space in the region, securing a buyer who recognized that owning was a superior long-term financial strategy compared to leasing in a tightening market.

Read the full case study here: https://serafinre.com/industrial-owner-user-sale-in-berryville-va-at-351-station-road-for-14000000-serafin-real-estate/

About the company: Joe Serafin is the Owner and Founder of Serafin Real Estate and has been active in the industry since 2005. He has brokered the sale of over $1 billion in transaction volume. The firm specializes in navigating complex real estate transactions to maximize value for clients.

Contact Info:
Name: Joe Serafin
Email: Send Email
Organization: Serafin Real Estate
Address: 40834 Graydon Manor Lane, Leesburg, VA 20175
Phone: (703) 261-4809
Website: https://serafinre.com/

Release ID: 89181583

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