Updated Aug 27, 2026
Manakin Holdings Acquires Rowe Furniture Distribution Center In Elliston, VA For $32 Million
2121 Gardner Street
$32,000,000
$84/SF
Building Size
378,000 SF
Asset Type
Industrial
Closing
Aug 25, 2026
About this deal
AI
The industrial asset located at 2121 Gardner Street in Elliston, VA, has been sold for a total transaction amount of $32,000,000. The property spans 378,720 square feet and falls within the industrial market segment, representing a price per square foot of $85.
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: $85
- Buyer: Manakin Holdings
- Brokers: Bo McKown, Eric Robison - Cushman & Wakefield
Brennan Investment Group facilitated the sale of the Rowe Furniture Distribution Center to Manakin Holdings, which represents a private Virginia family office in the transaction. The involvement of Cushman & Wakefield highlights the brokerage's role in this significant deal.
Players
Gardner 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