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Marcus & Millichap Arranges $12M Sale of Winchester 245K-SF Industrial Property
Marcus & Millichap has arranged the sale of a 244,500-square-foot industrial property located at 310 Tyson Drive in Winchester, VA. The asset sold for $12.2 million, according to Brian Hosey, regional manager of the firm’s Washington, D.C. office.
Christopher Dale, Robert Filley and Randall Heilig, investment specialists in Marcus & Millichap’s Washington, D.C. office, listed the property on behalf of the seller, InterChange Group, Inc., and secured the buyer, Ritz Banc Group.
“The strength of this submarket and the property’s proximity to I-81 created strong interest from a range of investors looking to gain scale in the industrial space,” noted Dale. “Even with a lack of lease term, investors were interested due to the extremely low market vacancy coupled with below-market rents.”
- ◦Sale/Acquisition
