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Washington DC & Mid-Atlantic  + DC Metro  + Retail  |  February 27, 2020
David Cohen
By: David Cohen

Single-Tenant Retail Property in Richmond Trades for $4M

SRS Real Estate Partners has arranged the $3.9 million sale of a 2,956-square-foot retail property in Richmond.

Located at 5201 Chamberlayne Ave., the property was built in 2019 and is fully occupied by 7-Eleven on a 15-year corporate-guaranteed lease. The one-acre property also includes a gas station with 12 pumps.

Frank Rogers and Michael Carter of SRS represented the seller, a Richmond-based merchant developer. The buyer, an East Coast-based private investor in a 1031 exchange, was advised by Gardner King of Dominion Commercial.

For comments, questions or concerns, please contact David Cohen

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Connect With SRS’ RogersConnect With Dominion’s Gardner King

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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