Investment Summary

9 North Third is a 13,828 square-foot class-B office building with ground floor retail located in the Monroe Ward submarket of Richmond, VA, which was acquired by Lingerfelt’s predecessor on December 7, 2005. At acquisition the building was 100% vacant and in need of refurbishment.

Investment Info

Status: Realized
Property Type: Office
Square-Footage: 13,828
Strategy: Acquisition
Sub-Strategy: Reposition, Renovation, Lease-Up
Entry Date: Dec 05, 2005
Exit Date: Jul 15, 2022
Total Capitalization: $1,500,000
Exit Price: $2,600,000
Lingerfelt Role: General Partner

Location