IWH Capital LLC Acquires Industrial Building At 1137 Progress Road Suffolk For $3M

IWH Capital LLC acquired an industrial asset located at 1137 Progress Road in Suffolk, VA. The property encompasses 53,320 square feet of space and was sold for a price of $3,000,000, equating to a price per square foot of $56.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $3,000,000
• Address: 1137 Progress Road
• Market: Suffolk, VA
• Buyer: IWH Capital LLC
• Seller: ProAmpac
• Brokers: Brett Sain & William Throne - Cushman & Wakefield
• Square Feet: 53,320
• Price per Square Foot: $56

This transaction involved prominent individuals from Cushman & Wakefield, specifically Brett Sain and William Throne, who represented the buyer and seller throughout the deal. Their expertise facilitated the closure of this significant industrial property transaction.