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Norfolk warehouse sells for $9M

109,609-square-foot warehouse is leased to ATD

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Norfolk warehouse sells for $9M

Norfolk warehouse sells for $9M

109,609-square-foot warehouse is leased to ATD

//June 10, 2022//

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A warehouse in Norfolk has been sold for $9 million, Cushman & Wakefield | Thalhimer announced June 6.

Selko Real Estate Ventures LLC purchased the 109,609-square-foot industrial building from NorfolkCo LLC as an investment. The property is leased to American Tire Distributors (ATD) as the company’s Hampton Roads tire warehouse and distribution center.

The warehouse is on 7.19 acres at 4554 Progress Road in the Norfolk Industrial Park.

Brett Sain of Cushman & Wakefield | Thalhimer represented the seller and Geoff Poston, also with Thalhimer, represented the buyer.

 

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