Updated Jul 14, 2026
Wizard Bins & Auctions Leases 56,542 Square Feet Industrial Space At 6031 Nine Mile Road
6031 Nine Mile Road
Building Size
56,542 SF
Asset Type
Industrial
Closing
Jul 13, 2026
About this deal
AI
An industrial facility located at 6031 Nine Mile Road in Richmond, Virginia, with a total square footage of 56,542 has been leased. The asset is classified as Class B and is positioned within the Food Lion-anchored Newbridge Square Shopping Center, situated on a 6-acre site. The building became available following the relocation of PMC Commercial Interiors earlier this year.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 6031 Nine Mile Road
- Market: Richmond, VA
- Asset Size: 56,542 SF
- Tenant: Wizard Bins & Auctions
- Broker: S.L. Nusbaum Realty Co.
S.L. Nusbaum Realty Co. represented the property owner during this leasing transaction. Wizard Bins & Auctions is the tenant that has taken occupancy of the space, which was previously occupied by PMC Commercial Interiors.
Players
Richmond Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93