SOLD
Nellis Corporation Buys Industrial Property In Fredericksburg For $2.295M
480 Central Road
Industrial
24,000 SF
24,000 SF
Sold 12 days ago
Summary
Sale
VIRGINIA
Industrial
24,000 sqft
The industrial property located at 480 Central Road in Fredericksburg, VA, encompasses a 24,000 square foot warehouse on 2.89 acres. The property was sold for $2,295,000, resulting in a price per square foot of $96. The transaction occurred on 04/25/2024, with the sale facilitated by Cushman & Wakefield | Thalhimer, where Nellis Corporation acquired the asset from MDC 480 Central, LLC.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,295,000
- Market: Fredericksburg, VA
- Square Footage: 24,000
- Buyer: Nellis Corporation
- Seller: MDC 480 Central, LLC
- Broker: Jamie A. Scully & CCIM - Cushman & Wakefield
The acquisition of the industrial property at 480 Central Road in Fredericksburg was completed as an investment venture, with Nellis Corporation acquiring the warehouse building with the assistance of their representative, Jamie A. Scully & CCIM from Cushman & Wakefield. The transaction highlights the strategic investment decisions made by the involved parties.
Players
All
2
Agents
1
Agencies
1
Details
SOLD
IMAGE: 04/25/2024
ADDRESS: 480 Central Road
MARKET: Fredericksburg, VA
ASSET TYPE: Industrial ~ ACRES: 2.89
BUYER: Nellis Corporation
SELLER: MDC 480 Central, LLC
BROKER: Jamie A. Scully & CCIM - Cushman & Wakefield
SALE PRICE: $2,295,000
SF: 24,000 ~ PPSF: $96
NOTE: Cushman & Wakefield | Thalhimer facilitated the sale of 480 Central Road in Fredericksburg, Virginia, to Nellis Corporation, who acquired the 24,000 square foot industrial warehouse building on 2.89 acres from MDC 480 Central, LLC for $2,295,000 as an investment.View on map
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Address480 Central Road
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