Industrial property in Richmond sells for $3.7M
Property is 100% leased
Warwick Trade Center, a 38,056-square-foot flex industrial property in south Richmond, has been sold for $3.7 million, according to Cushman & Wakefield | Thalhimer.
CIG 6290 RFO LLC, an affiliate of Cohen Investment Group, sold the property to Standard Properties Inc. on Sept. 27. Located at 6290 Old Warwick Road, the property is on 2.25 acres and is fully leased to 11 tenants including construction firms, general contractors, environmental consultants and auto detailers, according to Cushman & Wakefield | Thalhimer.
Bo McKown and Eric Robinson, both of Cushman & Wakefield | Thalhimer’s Capital Markets Group, handled sale negotiations.