The Blair Building

Realized

The Blair Building is a 34,145 square-foot class-B medical office building located in the Glen Forest submarket of Richmond, VA, which was acquired by Lingerfelt’s predecessor on October 22, 2004. At acquisition the building was fully occupied but in need of capital repairs.

Investment Info

  • Status: Realized
  • Market: Richmond, VA
  • Property Type: Medical/Life-Science
  • Square Footage: 31,145
  • Lingerfelt Role: General Partner
  • Strategy: Acquisition
  • Sub-Strategy: Reposition, Lease-Up

Investment Metrics

  • Entry Date: October 22, 2004
  • Purchase Price: $8,200,000
  • Total Capitalization: $8,200,000
  • Exit Date: April 19, 2022
  • Exit Price: $15,000,000
  • Hold Period: 17.7 Years

The Blair Building

8007 Discovery Drive, Richmond, VA, USA
Realized

The Blair Building is a 34,145 square-foot class-B medical office building located in the Glen Forest submarket of Richmond, VA, which was acquired by Lingerfelt’s predecessor on October 22, 2004.… Read More