Retail/office collection in Richmond sells for $6.3M
Buildings comprise about 16,000 square feet on Grove Avenue
A combined 15,994 square feet of retail and office buildings in Richmond’s West End area sold for $6.3 million in late March, according to Cushman & Wakefield | Thalhimer.
The buildings are located at the corner of Grove and Granite avenues, at addresses 5701-5707 Grove Ave. and 124 Granite Ave. About half of the buildings are leased, and tenants include On U Jewelry, Scents of Serenity Organic Spa and Victoria Charles Jewelry, according to Reilly Marchant from Cushman & Wakefield | Thalhimer, who represented the seller.
KLCN LLC purchased the portfolio from Muhleman Properties LLC. The sale closed on March 31, according to property records.