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B&D Acquisitions LLC Acquires Industrial Property In Norfolk, Virginia For $2.6M

3750 Progress Road
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This Industrial property located in VA was sold for $2,638,250 over 2 years ago. The broker of the deal was Geoffrey "Geoff" Poston

The industrial property located at 3750 Progress Road in Norfolk, Virginia has been sold in a transaction. The property spans over an area of 2.105 acres and is identified as an industrial asset.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $2,638,250
  • Address: 3750 Progress Road, Norfolk, Virginia
  • Market: Norfolk, Virginia
  • Acres: 2.105

The buyer of the property is B&D Acquisitions LLC, while the seller is Melchor Enterprises. The deal was facilitated by Geoff Poston from Cushman & Wakefield | Thalhimer. The sale price for the property was $2,638,250, with a total square footage of 36,902. This equates to a price per square foot of $71.

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Deals
  • Location
    3750 Progress Road, Norfolk, Virginia, USA3750 Progress Road, Norfolk, Virginia, USA
  • Sale Price
    $2,638,250$2,638,250
    $71 PPSF$71 PPSF
  • Area
    36,902 SF36,902 SF
  • Asset Type
    IndustrialIndustrial
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Geoffrey "Geoff" Poston

Geoffrey "Geoff" Poston

Deals3
Sold$24.1M

Agency

Cushman & Wakefield

Cushman & Wakefield

Agency
Deals4190
Volume$167B

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Deal Summary

SALE IMAGE: Geoff Poston DATE: 11/03/2021 ADDRESS: 3750 Progress Road MARKET: Norfolk, Virginia ASSET TYPE: Industrial ~ ACRES: 2.105 BUYER: B&D Acquisitions LLC SELLER: Melchor Enterprises BROKER: Geoff Poston - Cushman & Wakefield | Thalhimer SALE PRICE: $2,638,250 SF: 36,902 ~ PPSF: $71

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3750 Progress Road

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