VCU Health distribution facility sells for $8M

Investment group purchased supply logistics location from North Carolina’s Silvercap Partners

Published April 12, 2021 by Rich Griset

Virginia Commonwealth University Health System Authority’s supply chain logistics headquarters and primary distribution facility for their regional healthcare operations has sold.

A Henrico County property fully leased by VCU Health was purchased by an undisclosed investment group for $8.075 million on April 7.

Located at 3008 Mechanicsville Turnpike, the 89,931-square-foot property houses nonpharmaceutical medical supplies and equipment for VCU Health. Since mid-February, the property, a former Pepsi distribution facility, has served as Virginia Commonwealth University Health System Authority’s supply chain logistics headquarters and primary distribution facility for its regional health care operations.

Will Bradley and Mark Williford of Colliers International represented the seller, Charlotte, North Carolina-based real estate private equity firm SilverCap Partners.