Q&L Realty Acquires Retail Property In Colonial Heights, VA For $5.5M

A retail property located at 230 Southpark Cir in Colonial Heights, VA has been sold. The property spans over 6.67 acres and was acquired by Q&L Realty from the previous owner, Colonial Heights Land Associates Limited Partnership. The transaction was facilitated by John Madures of Divaris Real Estate. The sale price for the property was $5,500,000, with a total square footage of 34,705. The price per square foot was calculated at $158.

Summary of Transaction Details

• Property Type: Retail
• Transaction Amount: $5,500,000
• Square Footage: 34,705
• Price Per Square Foot: $158
• Address: 230 Southpark Cir, Colonial Heights, VA
• Market: Colonial Heights, VA

John Madures of Divaris Real Estate represented Q&L Realty in the transaction. This sale showcases the active real estate market in Colonial Heights, VA, and the strong interest in acquiring retail properties in the area.