Coldwell Lender Commercial Brokers $4M Sale of Virginia Retail Facility

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Coldwell Banker Commercial has prepared the $3.7 million sale of Boulders Facility, a 31,400-square-foot retail center in North Chesterfield, VA. Faraz Cheema of Coldwell Banker Commercial represented the customer, Coastal Land Inc., which obtained the home as component of a 1031 exchange. The vendor was not revealed.

Located at 7522 Midlothian Turnpike, the 4-acre home was constructed in 1970 and also refurbished in 2001. Boulders Facility is situated in the biggest retail submarket of the metro Richmond location.

“Florida-based Coastal Land Inc. was looking to get a home elsewhere in the southeast United States,” stated Cheema. “The Boulders Center building remains in a growing city area and a strong retail submarket that was attracting our client.”

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