Newport News warehouse sells for $2.65M
Facility is split among three tenants
A warehouse in Newport News sold for $2.65 million, Cushman & Wakefield | Thalhimer announced Wednesday.
Located at 1011 and 1031 44th St., the 30,000-square-foot industrial building sits on 3.55 acres. The land is currently being used for a wholesale distribution facility, according to Newport News property records. Three tenants split the facility: Hampton Roads Transit’s Handi-Rides, equipment manufacturer Liebherr USA Co. and infrastructure construction company MasTec, according to Clay Culbreth, a senior vice president with Thalhimer.
1031 44th Street LLC purchased the property from L & F Holdings LLC. The buyer has no immediate plans beyond maintaining the current leases, according to Culbreth, who represented the seller.