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Suffolk industrial property sells for $7.5M

New owner to upgrade property

//January 12, 2024//

The industrial/warehouse building on 115 Dill Road in Suffolk sold for $7.5 million. Photo courtesy Cushman & Wakefield | Thalhimer

The industrial/warehouse building on 115 Dill Road in Suffolk sold for $7.5 million. Photo courtesy Cushman & Wakefield | Thalhimer

The industrial/warehouse building on 115 Dill Road in Suffolk sold for $7.5 million. Photo courtesy Cushman & Wakefield | Thalhimer

The industrial/warehouse building on 115 Dill Road in Suffolk sold for $7.5 million. Photo courtesy Cushman & Wakefield | Thalhimer

Suffolk industrial property sells for $7.5M

New owner to upgrade property

// January 12, 2024//

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An industrial warehouse building in Suffolk has a new owner.

American Industrial purchased the 256,800-square-foot industrial warehouse building on 11.6 acres from Nansemond Cold Storage for $7.5 million, according to a Dec. 29, 2023, Cushman & Wakefield | Thalhimer news release.

American Industrial will upgrade and improve the property, which is located at 115 Dill Road, to meet demand for mid-sized distribution space starting at 36,000 square feet.

William C. Throne, of Cushman & Wakefield | Thalhimer, handled sale negotiations on behalf of the seller.

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