Industrial Building in Norfolk Sells For $5M

1/11/21

By Sydney Lake, Virginia Business

3501 E Princess Anne Road. Photo courtesy Cushman & Wakefield | Thalhimer

An industrial building in Norfolk sold for $5 million, Cushman & Wakefield | Thalhimer announced Thursday.

The 86,732-square-foot building located at 3501 E. Princess Anne Road sits on 2.8 acres in Norfolk Industrial Park. The building is 33% leased to organic spices, herbs and botanicals manufacturer American Botanicals.

CPORF LLC purchased the building from Norfolk 3501 Owner LLC as an owner-occupant investment. The buyer will occupy the remaining available space in the building, says Geoffrey W. Poston with Cushman & Wakefield | Thalhimer.

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