1510 Bellwood Rd
North Chesterfield, VA 23237
Industrial For Sale · Industrial Property For Sale · 10,000 SF

Chesterfield Commercial Realty is pleased to present the opportunity to acquire the portfolio sale of two adjacent industrial investment properties. It is home to three tenants that are owned by two affiliated limited liability companies along the I-95 corridor of Chesterfield County, Virginia in the Richmond Metro area.

1510 & 1506 Bellwood Road total 14,288 square feet of industrial space, situated on 8.39 acres zoned heavy industrial (I-3). Both properties were constructed as NNN build-to-suit leases for national credit tenants Ferguson Enterprises, LLC and Stericycle, Inc. C.D. Hall Construction, Inc, whose corporate headquarters is located at another adjacent property, leases residual outside storage space. Conveniently located seven minutes from Interstate 95 providing unmatched connectivity to the entire east coast of the United States. Richmond International Airport is a short 23-minute drive from the property. The two properties are located in a strong industrial corridor and surrounded by national industrial tenants including Amazon, XPO Logistics, FUJIFILM Wako Chemicals USA, Corp, PepsiCo, and Bissell.

Within the Jeff Davis corridor submarket, industrial properties traded with regularity last year, consistent with the generally high level of activity over the past three years. Richmond's industrial market has excelled amid associated economic headwinds that have come about since spring 2020. Vacancies have compressed over that period, leasing activity has been soaring, and out-of-market investors have remained active in acquiring properties. There is no better time to capitalize on this portfolio opportunity.