A 73,421 SF Industrial/Office Building in Spotsylvania County, Virginia recently sold for $3.85 million.
The building, situated on 7.44 acres, is located in Central Corridor Industrial Park, a well established industrial/ business park just off of Route 1/Jefferson Davis Hwy & Massaponax Church Rd. in Spotsylvania County, Virginia.
The building was sold as an investment with a lease/tenant in place, PAE Systems, who occupies the entire building.
PAE Systems (A-T Solutions) leased 43,348 sq. ft. in the building in 2014, moving from their operations from a former location in the Fredericksburg Region. Upon lease execution PAE made sizable capital improvements including a full upgrade of the office space within the premises.
Just recently, PAE Systems executed a lease on the remaining 29,983 sq. ft. in the building, which was predominately office space.
Donny Self of Coldwell Banker Commercial Elite represented the seller, United Grinding North America, Inc., in the sales transaction.
