Apartment building in Manassas Park sold for $51.5 million

Published July 12, 2018 by Jessica Sabbath

A 291-unit apartment community in Manassas Park was sold for $51.5 million, according to Holliday Fenoglio Fowler LC (HFF).

HASTA Capital, a Mexico City-based investor, developer and manager of residential multifamily rental assets in Latin America and the U.S., purchased the property.

The Residences at City Center is located at 170 Market St. across from the Manassas Park Virginia Railway Express (VRE) station along Manassas Drive in Prince William County. The property includes 255,608 square feet of residential space and 43,708 square feet of ground-floor retail.  Community amenities include an outdoor pool with lounge area and grill station, fitness center, clubhouse, business center, Wi-Fi café and a mix of surface parking and single-car garages.

HFF marketed the property on behalf of the seller, and procured the buyer. The HFF investment advisory team representing the seller included Walter Coker, Brian Crivella and Dek Potts.