Updated Mar 24, 2026
600 Perdue Avenue LLC Purchases Industrial Property In Richmond For $5.84M With Buyer's Broker Evan Magrill
600 Perdue Avenue
$5,840,000
$64/SF
Building Size
90,802 SF
Asset Type
Industrial
Closing
Mar 20, 2026
About this deal
AI
A 90,802-square-foot industrial property located at 600 Perdue Avenue in Richmond, VA, has been sold for $5,840,000. The property features a sale price of $64 per square foot, reflecting a significant transaction in the industrial asset market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,840,000
- Address: 600 Perdue Avenue
- Market: Richmond, VA
- Square Footage: 90,802
- Price per Square Foot: $64
- Buyer: 600 Perdue Avenue LLC
- Seller: STC Properties
- Broker: Evan Magrill - Cushman & Wakefield
Evan Magrill of Cushman & Wakefield represented the buyer, 600 Perdue Avenue LLC, in the transaction, facilitating the acquisition from STC Properties. This deal underscores the active participation of commercial real estate professionals in securing industrial properties.
Richmond 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
2.72%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93