SOLD
1129 Production Road, LLC Acquires 18.3 Acres Industrial Property In Norfolk, VA For $20M
1129 Production Road
Industrial
346,000 SF
346,000 SF
Sold 1 year ago
Summary
Sale
VIRGINIA
Industrial
346,000 sqft
An industrial property located at 1129 Production Road in Norfolk, VA has been sold in a sale-leaseback transaction. The property spans over 18.3 acres and offers a total of 346,000 square feet of space. The transaction involved a purchase by 1129 Production Road, LLC for a sale price of $20,000,000, resulting in a price per square foot of $58.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $20,000,000
- Address: 1129 Production Road, Norfolk, VA
- Market: Norfolk, VA
- Acres: 18.3
The sale-leaseback deal was facilitated by the brokers Clark Simpson, Erik Conradi, Geoff Poston, and Clay Culbreth from Thalhimer.
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: Clark Simpson, Erik Conradi, Geoff Poston & Clay Culbreth
DATE: 10/11/2022
ADDRESS: 1129 Production Road
MARKET: Norfolk, VA
ASSET TYPE: Industrial ~ ACRES: 18.3
BUYER: 1129 Production Road, LLC
BROKERS: Clark Simpson, Erik Conradi, Geoff Poston & Clay Culbreth - Thalhimer
SALE PRICE: $20,000,000
SF: 346,000 ~ PPSF: $58View on map
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Address1129 Production Road
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