Norfolk industrial building sells for $3.75M
Property occupied by Superior Distribution and Superior Pool Corp.
A 66,000-square-foot industrial building in Norfolk has sold for $3.75 million.
Virginia Beach-based Club Forrest Acquisitions LLC purchased the building, located at 4500 Progress Road, from Boston-based Wheeler Commercial Properties. The deal closed on April 15.
The building is situated on a four-acre parcel and is currently occupied by Superior Distribution, a subsidiary of Texas-based SRS Distribution Inc., that specializes in exterior residential building products, and Superior Pool Corp.
R. Worth Remick and Patrick Gill of Colliers represented the seller. Ricky Anderson, Ashton Williamson and Lang Williams of Colliers represented the buyer.