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Centre at Culpeper

Capital Markets Group Completes $12.5M Sale of Centre at Culpeper

CULPEPER, VIRGINIA: Cushman & Wakefield | Thalhimer’s Capital Markets Group represented the Seller in the sale of the Centre at Culpeper. The 72,878 square foot retail center, built in 2006, is located at 15131-15193 Montanus Drive in Culpeper, VA.  The property, which was 79% leased at the time of the acquisition and is anchored by an Aldi grocery store, was acquired for $12,500,000.  Additional tenants in the center include Starbucks, Five Guys and Rent-A-Center. 
The sale was completed by Eric Robison with leasing advisors Berkley Mitchell and Sharon E. Schmidt assisting in the transaction.

Written on June 27, 2016