Washington DC + Industrial | March 9, 2021

Virginia Manufacturing Facility Trades for $13M

Investment sales brokerage firm Stan Johnson Co. has arranged the $12.7 million sale of a single-tenant manufacturing facility fully leased to the Mack Trucks division of parent company, AB Volvo Group, which is one of the world’s leading manufacturers of trucks, buses, construction equipment and marine and industrial engines.

Located at 6450 Technology Drive in Salem, VA., the 280,900-square-foot property launched production in 2020 and serves as Mack Trucks’ only medium-duty assembly plant in the country. The facility was originally built in 1997 on 134 acres and is strategically located along Interstate 81 just west of Roanoke.

Stan Johnson Co.’s Rob Gemerchak represented the seller, an individual investor based in Virginia, in the transaction. The buyer was a private equity partnership based in Buenos Aires, Argentina.

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Inside The Story

Stan Johnson Co.’s Rob Gemerchak

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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