9 North Third

Realized

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
  • Market: Richmond, VA
  • Property Type: Office
  • Square Footage: 13,828
  • Lingerfelt Role: General Partner
  • Strategy: Acquisition
  • Sub-Strategy: Reposition, Renovation, Lease-Up

Investment Metrics

  • Entry Date: December 05, 2005
  • Purchase Price: $1,350,000
  • Total Capitalization: $1,500,000
  • Exit Date: July 15, 2022
  • Exit Price: $2,600,000
  • Hold Period: 16.6 Years

9 North Third

9 North 3rd Street, Richmond, VA, USA
Realized

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… Read More