Catharine Spangler Of Cushman & Wakefield Sells Royal Plaza Shopping Center In Front Royal For $22.5M

Royal Plaza Shopping Center, located at 409-465 South Street in Front Royal, VA, is a retail asset featuring 248,816 square feet of space. The asset was sold for a transaction price of $22,500,000, which amounts to approximately $90 per square foot. The property is nearly fully leased, with around 97% occupancy, and is anchored by notable tenants including Martin’s and Rural King.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $22,500,000
• Square Footage: 248,816
• Address: 409-465 South Street
• Market: Front Royal, VA
• PPSF: $90
• Broker: Catharine Spangler - Cushman & Wakefield

Catharine Spangler represented the seller in this transaction through Cushman & Wakefield's Thalhimer’s Capital Markets Group. The deal exemplifies the active retail market in Front Royal, VA, where significant assets are successfully exchanged.