Commercial Building Management Inc Acquires Office Building In Richmond From H & T LLC For $1.2M

An office property located at 3119 West Clay Street and 1311 High Point Avenue in Richmond, VA, was sold for $1,205,000. The total square footage of the asset is 5,221, resulting in a price per square foot of $231.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $1,205,000
• Address: 3119 West Clay Street & 1311 High Point Avenue
• Market: Richmond, VA
• Square Footage: 5,221
• Price Per Square Foot: $231
• Buyer: Commercial Building Management, Inc
• Seller: H & T LLC
• Brokers: Birck Turnbull & Craig Douglas - Cushman & Wakefield

Commercial Building Management, Inc. made the purchase to relocate their business. Cushman & Wakefield facilitated the transaction, with Birck Turnbull representing the seller and Craig Douglas representing the buyer during negotiations.