Industrial/Flex Property Sells in Fredericksburg for $2.77M

Cushman & Wakefield | Thalhimer is pleased to announce the sale of 22 Perchwood Drive in the City of Fredericksburg, Virginia.

Innovation Investments, LLCpurchased the 20,400 square foot industrial/flex building, situated on 2.78 acres, from Radley Management, LLC for $2,770,000for a new collision center location.

Virgil G. Nelson, CCIM of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.

About Cushman & Wakefield | Thalhimer

Thalhimer was founded in 1913 and currently has offices in Richmond, Newport News, Virginia Beach, Fredericksburg, Roanoke, Charlottesville, and Lynchburg, Virginia. The company has nearly 100 broker professionals and employs more than 450 associates. Thalhimer represents, on behalf of its clients, a property portfolio of 54 million leasable square feet, management of more than 27 million square feet of commercial property, and 10,000 multifamily units. In 2023, Thalhimer completed over 1,800 transactions with a transactional volume of more than $1.7 billion. Thalhimer is the region’s leading provider of comprehensive commercial real estate services, including corporate services, investment sales, tenant representation, project management, asset management, and the sale and leasing of office, industrial and retail properties. To learn more, visit www.thalhimer.com.

Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading globalcommercial real estate services firm for property ownersand occupiers with approximately 52,000 employees innearly 400 offices and 60 countries. In 2023, the firmreported revenue of $9.5 billion across its core services ofproperty, facilities and project management, leasing, capitalmarkets, and valuation and other services. It also receivesnumerous industry and business accolades for its award-winningculture and commitment to Diversity, Equity andInclusion (DEI), sustainability and more. For additionalinformation, visit www.cushmanwakefield.com.