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Three Norfolk retail buildings sell for $3.3M

Portion sold of 7520 N. Military Highway is 5.39 acres

//January 5, 2024//

An aerial image of 7520 N. Military Highway, with the portion sold to Michael Sifen Inc. outlined. Image courtesy Colliers

An aerial image of 7520 N. Military Highway in Norfolk, with the portion sold to Michael Sifen Inc. outlined. Image courtesy Colliers

An aerial image of 7520 N. Military Highway, with the portion sold to Michael Sifen Inc. outlined. Image courtesy Colliers

An aerial image of 7520 N. Military Highway in Norfolk, with the portion sold to Michael Sifen Inc. outlined. Image courtesy Colliers

Three Norfolk retail buildings sell for $3.3M

Portion sold of 7520 N. Military Highway is 5.39 acres

//January 5, 2024//

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Three retail buildings on a portion of a site used for commercial auto sales and service in Norfolk sold for $3.3 million on Dec. 22, 2023.

Michael Sifen Inc. purchased an approximately 5.39-acre portion of 7520 N. Military Highway from Freedom Industrial. The site includes a roughly 30,188-square-foot building, a two-story, roughly 3,030-square-foot building, and an approximately 11,112-square-foot building, according to Colliers. Norfolk property records list commercial auto sales and service as the property use, and the remaining portion of the property holds a Tesla store and service center.

Jeff Parker, Patrick Gill and Chris Read from Colliers represented the seller.

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