Industrial property in Richmond’s Windsor Business Park sells for $7.4 million
Windsor VI, a single-tenant, net-leased industrial property located in Richmond’s Windsor Business Park has sold for $7.4 million.
According to Cushman & Wakefield | Thalhimer’s Capital Markets Group, which represented the seller, the 51,800-square-foot property at 8575 Magellan Parkway sold for about $143 per square foot.
Built in 2004, the property is fully occupied by Williamson Drug, a CVS Health Corp. subsidiary. It’s one of six buildings in the 62-acre park. The tenant has a long-term lease and has been in the building since 2005.
According to Thalhimer, the purchaser is Rich Uncles of Los Angeles. He acquired the asset on July 20 from an affiliate of Fernau LeBlanc Investment Partners of Bethesda, Md. Eric Robison, senior vice president of the Capital Markets Group in Thalhimer’s Richmond office, completed the sale.