Fredericksburg warehouse leased by food bank sells for $2.9M

A warehouse leased by the Fredericksburg Regional Food Bank has sold for nearly $3 million.

Nellis, a Maryland-based private investment company, purchased the 24,000-square-foot industrial warehouse on 2.89 acres from Fredericksburg-based entity MDC 480 Central for $2.925 million, according to an April 25 news release from Cushman & Wakefield | Thalhimer.

The Fredericksburg Regional Food Bank has leased the property since 2021 and uses it for additional office space, to store food supplies, operate a grocery pickup program and conduct volunteer assembly line activities, according to Dan Maher, the food bank’s president and CEO. The food bank’s lease on the property runs through the fall of 2026, he wrote in an e-mail.

The property, which is located at 480 Central Road, includes 19,700 square feet of open warehouse space, 4,300 square feet of finished office space and 4,300 square feet of mezzanine space, according to Fredericksburg-based Johnson Realty Advisors. Its offerings include six offices, one conference room, one large lunchroom and an elevator.

Previously, the property was owned by Rappahannock Goodwill Industries, which used it as a commercial laundry, according to Cushman & Wakefield | Thalhimer.

Jamie A. Scully of Cushman & Wakefield | Thalhimer handled sale negotiations on behalf of the purchaser.