Roanoke, VA – Poe and Cronk Real Estate Group is pleased to announce the sale of a multi-tenant industrial investment property at 1757 Granby Street.
The property features a well-maintained 25,000+ SF building on a 1.29-acre site located in Statesman Industrial Park. Two strong credit tenants occupy the property on long-term leases. The property sold at a 7.18% cap rate for $1,600,000.
Jacob Quesinberry brought this opportunity to an investor client and represented the Purchaser in another successful sale transaction.
About Poe & Cronk
The firm is comprised of a team of real estate professionals with more than 300 combined years of experience and more than $1B in real estate transaction knowledge in selling, leasing, and managing commercial, industrial, and investment real estate. In business for more than 30 years, Poe & Cronk provides commercial and investment real estate services throughout western Virginia.