Fredericksburg retail center sells for $8.5 million
Carter's Center is anchored by Target
Commonwealth Self Storage bought a 40,617-square-foot retail center in Fredericksburg for $8.525 million, Cushman & Wakefield | Thalhimer announced Thursday.
Carter’s Crossing, located at 27 S. Gateway Drive, was sold by Boosalis Properties, represented by Thalhimer’s Capital Markets Group. Catharine Spangler handled the sale, which closed Wednesday.
Carter’s Crossing is a fully-leased retail center with a Target shadow anchor. The center uses triple net leases, meaning tenants pay property taxes, insurance premiums and the costs of structural maintenance and repairs, along with rent. Current tenants include Anytime Fitness, PetSmart and T-Mobile.