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9856-9864 West Broad Street
SOLD

Airport Hotel, LLC Acquires Broad Street Plaza Shopping Center For $9.55M

9856-9864 West Broad Street

Retail
115,756 SF
clock iconSold 305 days ago
Connie Jordan Nielsen
Catharine Spangler
Nicki Jassy
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Summary

Sale
VIRGINIA
Retail
115,756 sqft

The Broad Street Plaza Shopping Center, located at 9856-9864 West Broad Street in Glen Allen, VA, has been sold. The retail property, spanning 57,878 square feet, was fully leased and anchored by national craft supplier Michaels and Kid's Empire. The property was recently acquired by Airport Hotel, LLC for a total of $9,550,000, amounting to a price per square foot of $165. The transaction took place on September 12, 2023.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $9,550,000
  • Square Footage: 57,878
  • Address: 9856-9864 West Broad Street, Glen Allen, VA
  • Market: Glen Allen, VA

Cushman & Wakefield | Thalhimer's Capital Markets Group represented Sledd Properties, the seller, in the sale of the Broad Street Plaza Shopping Center. On the buyer's side, Airport Hotel, LLC acquired the property. The brokers involved in this transaction were Catharine Spangler, Connie Jordan Nielsen, and Nicki Jassy, who represented both the buyer and the seller. This successful deal marks an important milestone in the commercial real estate market in Glen Allen, VA.

Players

  • All

    4

  • Agents

    3

  • Agencies

    1

Connie Jordan Nielsen's profile picture
Connie Jordan Nielsen
Cushman & Wakefield-image
Senior Vice President/Associate Broker
$14.4M Sold

Details

Deal Summary
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SOLD
IMAGE: Catharine Spangler, Connie Jordan Nielsen & Nicki Jassy DATE: 09/12/2023 ADDRESS: 9856-9864 West Broad Street MARKET: Glen Allen, VA ASSET TYPE: Retail BUYER: Airport Hotel, LLC SELLER: Sledd Properties BROKERS: Catharine Spangler, Connie Jordan Nielsen & Nicki Jassy - Cushman & Wakefield SALE PRICE: $9,550,000 SF: 57,878 ~ PPSF: $165 NOTE: Cushman & Wakefield | Thalhimer's Capital Markets Group represented Sledd Properties in the sale of the Broad Street Plaza Shopping Center at 9856-9864 West Broad Street in Richmond, VA. The fully leased, 57,878-square-foot retail center, anchored by national craft supplier Michaels and Kid's Empire, was acquired by Airport Hotel, LLC for $9,550,000 ($165 per square foot) on September 12, 2023.

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Address9856-9864 West Broad Street

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