Chesterfield industrial building sells for $2.77M
Tenants include industrial parts distributor Motion Industries Inc.
An industrial building in Chesterfield County sold for $2.77 million, Cushman & Wakefield | Thalhimer announced last week.
Located at 8801-8899 Whitepine Road, the 28,600-square-foot Adbel Business Village sits on 4.1 acres. SMW Warehouses LLC purchased the property from Harrison & Hine LLC as an investment.
Constructed in 1998, the building (most recently assessed at $1.63 million) last sold in 2007, according to Chesterfield County property records. Industrial parts distributor Motion Industries Inc. last year leased 15,400 square feet of the building, according to Divaris Real Estate.
Gregg W. Beck and R. Scott Douglas of Cushman & Wakefield | Thalhimer handled the sale on behalf of the seller.