Essential Growth Acquisition Properties & Viking Partners Acquire Retail Property In Salem, VA For $16.5M

The retail property located at 1400 W Main St in Salem, VA has been sold in a recent transaction. The property spans a total area of 180,346 square feet and was sold for a price of $16,500,000, resulting in a price per square foot of $91. The sale was facilitated by Colliers, with Will Bradley, Mark Williford, Peter Vick, and Harrison Hall acting as representatives for both the buyer, Essential Growth Acquisition Properties and Viking Partners, and the seller, Spartan Square Limited Partnership.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $16,500,000
• Address: 1400 W Main St, Salem, VA
• Market: Salem, VA
• Square Footage: 180,346
• Price per Square Foot: $91
• Buyer: Essential Growth Acquisition Properties & Viking Partners
• Seller: Spartan Square Limited Partnership
• Broker: Will Bradley, Mark Williford, Peter Vick & Harrison Hall - Colliers

The involvement of Will Bradley, Mark Williford, Peter Vick, and Harrison Hall from Colliers as representatives in this transaction highlights their role in facilitating the deal between the buyer and seller. The partnership between Essential Growth Acquisition Properties and Viking Partners as buyers, and Spartan Square Limited Partnership as the seller, resulted in the successful sale of this retail property.