Property sale / Lease

Poe & Cronk Announces Sale of Fully Leased Industrial Building

SALEM, VA – Poe & Cronk Real Estate Group today announced the sale of a 33,880 SF office/warehouse industrial property located at 971 Russel Drive, Salem, VA.  The property was 100% leased to a long-term tenant and sold at a 6.5% cap rate.

Poe & Cronk handled both sides of this successful transaction.  Thom Hubard represented the seller while Adam Hardy and Matt Huff represented the buyer.

About Poe & Cronk

Poe & Cronk is a locally owned and internationally recognized leading full-service commercial real estate company.  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.

More property sales or leases by these Poe & Cronk Agents

Poe & Cronk Announces the Sale of 48-Unit Apartment Complex

FRANKLIN COUNTY, VA - Poe & Cronk Real Estate Group today announced the sale of The Meadows Apartment Complex in Glade Hill, Virginia. The sale consisted of 48 units located on 13.24 Acres in Franklin County. Unit types consisted of[...]