Lingerfelt & Richardson Properties Sells Industrial Facility In Chester For $31.25M

The industrial facility located at 1701 Bermuda Hundred Road in Chester, VA, spans 187,890 square feet and was sold for $31.25 million, which equates to a price per square foot of $166. The property is situated in Chesterfield County’s Meadowville Technology Park.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $31,250,000
• Square Footage: 187,890
• Address: 1701 Bermuda Hundred Road
• Market: Chester, VA
• Seller: Lingerfelt & Richardson Properties
• Brokers: Will Bradley & Mark Williford - Newmark

The transaction involved Lingerfelt & Richardson Properties as the seller of the asset. The property was sold to an undisclosed buyer with Will Bradley and Mark Williford representing the seller in the transaction.