Industrial property in Richmond sells for $1.1 million
Manchester Acquisitions LLC has purchased an 89,090-square-foot industrial property situated on Commerce Road in Richmond for $1.1 million as an investment.
The seller of the 3.2-acre property was RT of Virginia LLC.
Isaac DeRegibus of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller, and Jeff Cooke, also with Thalhimer, represented the purchaser. The property is leased now and once the tenant moves out, the new owner plans improvements, Cooke said.