Nellis Corporation Buys Industrial Property In Fredericksburg For $2.295M

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.