Potential 5-year Gross Internal Rate of Return (IRR): 16.9%
Cohen Investment Group was awarded this property via auction at a price per square foot below replacement costs.
Richmond Flex Office, built in 1985, is a single-story flex office building located in the Southwest region of Richmond, VA. It consists of ten suites and totals 37,991 square feet.
Richmond MSA is a highly desirable market with projected economic and population growth. Additionally, it boasts strong employment drivers and seven Fortune 500 firms.
Cohen Investment Group acquired this property on November 9, 2020.
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