Updated Sep 1, 2026
Manakin Holdings Acquires Industrial Asset In Elliston For $32 Million With Brokers Bo McKown & Eric Robison
2121 Gardner Street
$32,000,000
$84/SF
Building Size
378,720 SF
Asset Type
Industrial
Closing
Aug 21, 2026
About this deal
AI
The Rowe Furniture Distribution Center, an industrial asset located at 2121 Gardner Street in Elliston, VA, was sold for $32 million. This property encompasses a total area of 378,720 square feet, translating to a price per square foot of $84.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $32,000,000
- Address: 2121 Gardner Street
- Market: Elliston, VA
- Square Footage: 378,720
- Price per Square Foot: $84
- Buyer: Manakin Holdings
- Broker Representatives: Bo McKown & Eric Robison - Cushman & Wakefield
Manakin Holdings is the buyer involved in this transaction, while the deal was facilitated by broker representatives Bo McKown and Eric Robison from Cushman & Wakefield.
On the Map
$32,000,000
$84/SF
Industrial
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Players
Elliston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93