Richmond, Va – Colliers International (“Colliers”) is pleased to announce the sale of the VCU Health Distribution Facility in Richmond, Virginia for $8,075,000. Located at 3008 Mechanicsville Turnpike, the Property is 100% leased to Virginia Commonwealth University Health System Authority’s supply chain logistics headquarters and serves as the health systems primary distribution facility for their regional healthcare operations.
VCU Health recently recommitted to the submarket through their relocation and significant expansion to the 89,931 square foot former Pepsi distribution facility under a long-term lease.
“The VCU Health Distribution Facility attracted a myriad of capital sources given the credit profile, long-term commitment and mission criticality of the tenancy and its unbeatable last-mile location in Richmond, one of the most attractive secondary industrial markets in the Country.” -Will Bradley, Executive Vice President.
The Property provided VCU Health the only large-scale distribution opportunity in immediate proximity to the VCU Medical Center and convenient accessibility to VCU Health’s growing regional footprint.
Will Bradley, Executive Vice President, Matt Anderson, Executive Vice President and Mark Williford, Vice President, represented the seller, Silvercap Partners.
Colliers has offices in Charlottesville, Fredericksburg, Richmond, and Norfolk. To learn more about Colliers or to view other investment sales opportunities, please visit: www.colliers.com/richmond.
For further information please contact:
Jullieanne Cueto | Communications Specialist, Virginia and Raleigh, NC
+1 804 968 1970 | Jullieanne.email@example.com