Flex Building in Richmond Sells for $3.15M

Comparable details:

Address:  1732-1776 Wright Ave, Richmond

Seller:   Fire-In-The-Hole, LLC

Buyer:  AA Portable Power Corp.

RBA SF:  41,850

Lot size:  1.10 AC (47,916 SF)

Selling price:  $3,150,000 ($75.27/SF)

Type:  Industrial-Flex

The property was built in 1970 and has two drive-ins and two docks.  The buyer is an owner/user who plans to occupy half of the property while the other half is leased.

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