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6031 Nine Mile Road

Updated Jul 14, 2026

Wizard Bins & Auctions Leases 56,542 Square Feet Industrial Space At 6031 Nine Mile Road
LEASEDIndustrial

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

S.L. Nusbaum Realty Co.
S.L. Nusbaum Realty Co.Brokerage
Wizard Bins & Auctions
Wizard Bins & AuctionsTenant

Richmond Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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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

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