Former IKEA warehouse sells for $3.85M in Pittsylvania
Facility will be used Danville-based Supply Resources Inc.
A 152,379-square-foot warehouse and distribution facility formerly used by IKEA in Pittsylvania County’s Ringgold area sold for $3.85 million, Cushman & Wakefield | Thalhimer announced Monday.
Rick Barker Properties LLC purchased the facility located at 240 Factory Lane — approximately six miles outside of Danville. The facility sits on 23 acres of land and had been leased to IKEA as a warehouse facility for the past five years, says Norman Moon, first vice president at Cushman & Wakefield | Thalhimer.
The facility will now be used by Danville-based Supply Resources Inc. for distribution of packaging, corrugated and paper products. Cruciger LP previously owned the property.
IKEA closed its Pittsylvania County furniture factory, which is a little over two miles away from the warehouse, last year.
Norman Moon and George Lupton Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.