Home Real Estate Florida real estate investor snaps up Henrico flex buildings for $19M

Florida real estate investor snaps up Henrico flex buildings for $19M

2

A pair of flex office buildings in Henrico were bought by a Florida firm. (Courtesy of Savlan Capital)

More out-of-town money continues to pour into the Richmond region, with a firm from the Sunshine State making a splash for flex space in Henrico County.

South Florida-based Savlan Capital closed last week on two industrial and office buildings at 8575 and 8580 Magellan Parkway for a total of $18.9 million.

The buildings total 126,000 square feet and are located in the Windsor Business Park between East Parham Road and Interstate 295.

The smaller of the two is 8575 Magellan at 50,000 square feet. It’s leased to a CVS Health subsidiary that uses it as a pharmaceutical storage and distribution facility. Savlan paid $8.8 million for the property.

The 76,000-square-foot building at 8580 Magellan sold for $10.2 million and is used as a data center for Bon Secours Mercy Health.

Savlan closed on the buildings Feb. 10. They were most recently assessed by…

Click here for full article…richmondbizsense.com