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THM Properties, LLC Acquires Industrial Asset In Norfolk, Virginia From A. Square LLC For $1.45M

Property Image
SOLD
$1,450,000

Virginia

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Industrial26,268 SF
Sold 11/01/2021
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Property Image
SOLD

THM Properties, LLC Acquires Industrial Asset In Norfolk, Virginia From A. Square LLC For $1.45M

3701 E Virginia Beach Blvd, Norfolk, Virginia, USA

See Similar Deals
Industrial26,268 SF
Sold 11/01/2021
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Summary

VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$55
Total Square Footage:26,268 SF
Transaction Type:Sale

A 26,268 square foot industrial property located at 3701 E. Virginia Beach Blvd in Norfolk, Virginia has been sold for $1,450,000. The property was purchased by THM Properties, LLC from A. Square LLC. The sale was facilitated by brokers Geoff Poston and Ellis Colthorpe from Cushman & Wakefield | Thalhimer. The property is situated in the Norfolk market.

Summary of transation details

Geoff Poston and Ellis Colthorpe, representing Cushman & Wakefield | Thalhimer, played a key role in facilitating the sale of this industrial property in Norfolk, Virginia. The property has a total area of 26,268 square feet and was sold for $1,450,000.

Players

Geoffrey "Geoff" Poston
11 deals$95M volume
BROKER

Ellis Colthorpe
Cushman & Wakefield
5 deals$10.6M volume
BROKER

Details

SOLD
IMAGE: Ellis Colthorpe DATE: 11/01/2021 ADDRESS: 3701 E. Virginia Beach Blvd MARKET: Norfolk, Virginia ASSET TYPE: Industrial BUYER: THM Properties, LLC SELLER: A. Square LLC BROKERS: Geoff Poston & Ellis Colthorpe - Cushman & Wakefield | Thalhimer SALE PRICE: $1,450,000 SF: 26,268 ~ PPSF: $55

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Net Operating Income (NOI)

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