Cleeman Realty Group is pleased to announce the $5,200,000 off-market sale of Kecoughtan Shopping Center in Hampton, Virginia. The 63,956 SF shopping center was 82% occupied at the time of closing and featured a strong lineup of national tenants including Food Lion, Dollar Tree and Virginia ABC. The property sits on an 6.77-acre site off the highly trafficked Kecoughtan Road.
Sam Seelenfreund of Cleeman Realty Group represented the buyer and Craig Read of Read Commercial Properties represented the seller in the transaction.
“The buyer was attracted to the high-performing Food Lion anchor tenant and upside potential in leasing nearly 11,500 SF in vacant spaces” said Seelenfreund
Cleeman Realty Group is a full-service real estate advisory and investment group, specializing in the investment sales of retail, multifamily and industrial properties throughout the United States. The Cleeman team utilizes deeply rooted industry contacts to identify and evaluate off-market transactions with unparalleled efficiency. To sell your property or to inquire about our available acquisition opportunities, please contact one of our team members at www.cleeman.com