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.