News

Jun 28, 2023

Hampton Roads warehouses sell for $8.4M

PublishedJune 7, 2023byKatherine Schulte A portfolio of three warehouses in

PublishedJune 7, 2023byKatherine Schulte

A portfolio of three warehouses in Hampton Roads sold for $8.4 million in mid-May.

Tidewater Fleet Supply, an independent distributor of fleet, truck, trailer, and heavy equipment parts, leases the properties.

Located at 3666 Progress Road, the Norfolk warehouse sold for $6.03 million, according to city property records. The parcel is approximately 4.82 acres. At 1324 Lindale Drive in Chesapeake, the approximately 1.6-acre property sold for almost $1.8 million, property records show. The warehouse in Hampton on 2502 58th St. is on roughly 0.51 acres.

B&D Acquisitions LLC bought the properties from Parrott Properties LLC. Ricky Anderson and Chamie Burroughs with Colliers International represented the buyer.

Property is 100% leased to the U.S. Postal Service

Tenants include Dollar General, Harbor Freight Tools

Seven warehouses are leased to Lansing Building Products