Thalhimer Realty Partners Acquires Industrial Facility At 1100 Intervale Drive In Salem For $11.55M

Thalhimer Realty Partners has acquired a distribution facility located at 1100 Intervale Drive in Salem, Virginia. The asset encompasses a total of 170,000 square feet and was purchased for $11.55 million. This facility has been fully leased to ReaderLink Distribution Services, which has utilized the property as its Northeastern and Mid-Atlantic hub for approximately 25 years.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $11,550,000
• Square Footage: 170,000
• Address: 1100 Intervale Drive
• Market: Salem, VA
• Price Per Square Foot: $68

The transaction was facilitated by Bo McKown from Cushman & Wakefield, representing Thalhimer Realty Partners in this acquisition. The successful completion of this deal illustrates the continued demand for distribution facilities in key markets.