Fernau LeBlanc Investment Partners Sells Shoppes At Haymarket Retail Center For $11.375M In Virginia

The property asset involved in the transaction is a retail center located at 6711-6749 Lea Berry Way in Haymarket, VA. The property encompasses a total area of 22,400 square feet and was sold for $11,375,000, which translates to a price per square foot of $508. The retail space is fully leased, demonstrating long-term tenant stability, making it an attractive investment opportunity in the market.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $11,375,000
• Address: 6711-6749 Lea Berry Way
• Market: Haymarket, VA
• Square Footage: 22,400
• Price per Square Foot: $508
• Seller: Fernau LeBlanc Investment Partners
• Broker: Christopher Burnham - KLNB

This transaction highlights the role of the broker, Christopher Burnham from KLNB, in facilitating the sale. KLNB successfully represented the seller, showcasing the firm’s capability in managing notable retail property deals. The sale underscores the ongoing interest from investors in well-positioned, multi-tenant suburban retail properties.