The Lester Group, Inc. has purchased a 30,750 square foot Class A warehouse located at 347 South Oak Lane in Waynesboro, VA. The transaction was valued at $5,550,000, which translates to a price per square foot of $180. This asset is categorized as industrial property.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $5,550,000
• Sale Price Per Square Foot: $180
• Square Footage: 30,750 SF
• Address: 347 South Oak Lane
• Market: Waynesboro, VA
• Buyer: The Lester Group, Inc.
• Seller: Hathaway Real Estate Investments, LLC
• Brokers: Bo McKown, Catharine Spangler, John Pritzlaff & Jenny Stoner - Cushman & Wakefield

The sale-leaseback transaction involved Hathaway Paper Company, indicating continued operations at the property post-acquisition. The deal was brokered by a team from Cushman & Wakefield | Thalhimer, comprising Bo McKown, Catharine Spangler, John Pritzlaff, and Jenny Stoner, representing the seller, Hathaway Real Estate Investments, LLC.