Updated Mar 19, 2026
600 Perdue Avenue LLC Acquires Industrial Property In Richmond VA From STC Properties LLC For $5.84M
600 Perdue Avenue
$5,840,295
$64/SF
Building Size
90,802 SF
Asset Type
Industrial
Closing
Mar 17, 2026
About this deal
AI
The sale involved an industrial asset located at 600 Perdue Avenue in Richmond, VA. The property has a total square footage of 90,802 and was sold for a price of $5,840,295, resulting in a price per square foot of $64.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,840,295
- Buyer: 600 Perdue Avenue, LLC
- Seller: STC Properties, LLC
- Broker: Evan Magrill - Cushman & Wakefield
The transaction was facilitated by Cushman & Wakefield | Thalhimer, highlighting the involvement of knowledgeable representatives in the real estate market facilitating the transfer of ownership.
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