RICHMOND, VIRGINIA:  Cushman & Wakefield | Thalhimer’s Capital Markets Group has represented the seller in the sale of Windsor IV, a single-story office building totaling 72,890 square feet, located at 8580 Magellan Parkway within the Windsor Business Park in Richmond, Virginia.

Windsor IV, built in 2001, is 100% occupied by Bon Secours Mercy Health (tenant) and is one of six buildings within the 62-acre Windsor Business Park. The tenant has a long-term lease at Windsor IV as well as other buildings in the park.

The Purchaser, Rich Uncles NNN REIT, Inc. of Costa Mesa, CA, acquired the asset on October 31, 2018 for $10,516,000 ($144 per square foot) from an affiliate of Fernau LeBlanc Investment Partners of Bethesda, Maryland. David Perduk, the Chief Investment Officer of Rich Uncles NNN REIT, Inc., said the property “is a great investment for our shareholders and is a strong addition to our growing portfolio of stable, single-tenant net lease assets.” The sale was completed by Eric Robison, Senior Vice President of Cushman & Wakefield | Thalhimer’s Capital Markets Group in Thalhimer’s Richmond office and assisted by Evan Magrill, SIOR of the Cushman & Wakefield | Thalhimer leasing team.