Recent Transactions

50,000 SF Flex-Industrial Property

May 20, 2022 Fulton Staff

Flex Industrial and Virginia icons.

Fulton Realty Capital advised a private client on the acquisition of a multi-tenant, flex-industrial property located in the Hampton Roads, Virginia MSA. The asset was sourced by Fulton's commercial real estate team, who also secured CMBS financing and led all negotiations.

The 50,000 SF property is situated in an in-fill location in a wealthy suburban area of Eastern Virginia and is accessible via multiple major highways and thoroughfares. The space features versatile, single-story layouts with direct access to each of the suites.

Tenants include a mix of national, regional, and local companies positioned across 14 different industries. The property was priced below replacement cost and was 100% occupied at the time of closing, providing stable income with room for rent growth.

Share This: