Simulcast auction of key property in Meadowville Tech Park

Motleys Commercial Real Estate, a division of Motleys Asset Disposition Group, is pleased to announce the forthcoming auction of the property located at 1600 Digital Dr., Chester, VA 23836 on December 7th, 2023, from 2:00 P.M. – 3:00 P.M. EST. The simulcast, special commissioner’s sale will take place online at Motleys.com and on-site at the property.

Appraised at $18.9 million, the expansive, partially finished industrial facility sits on 103.6± acres and presents a unique opportunity for corporations, investors, and developers. With 284,000± s/f and loading docks already in place, it offers immense potential for a wide range of industrial and commercial endeavors. Initially constructed with the intent to utilize the structure as a warehouse, the unfinished property presents an opportunity for the buyer and end-user to finish the structure to meet their needs. The large pre-established indoor space and the undeveloped remaining acreage of the property combine to create a parcel capable of housing additional buildings, as a possible multi-facility or multi-structure campus for those looking to increase their physical footprint in the Eastern United States.

The property is located in the heart of Chesterfield’s Meadowville Technology Park, one of Virginia’s premiere master-planned, publicly-owned industrial parks. Chesterfield County is the largest locality in the metro Richmond region of Virginia on the Mid-Atlantic east coast of the United States. Meadowville is home to major technology, manufacturing, and logistics corporate leaders whose businesses coexist with high-end residential development. The 1,262-acre park is zoned I-2 which is appropriate for office, R&D, and industrial uses. Tenants of the Technology Park include the newly announced, $1-billion-dollar, 1.7 million s/f LEGO Precision Production Facility, Amazon Fulfillment Centers, Niagara Bottling, Coca-Cola Bottling, Medline, and more.

The property is conveniently located in a location that enables multiple different avenues of cargo travel. With easy access to I-64, I-95, and I-295, travel via road is ~125 miles to Washington, DC via I-95, and ~75 miles to Norfolk, VA via Rte. 10. CSX offers rail service to the Meadowville Technology Park, permitting easy rail access for distribution along the Eastern Seaboard. For cargo traveling via air, the Richmond International Airport’s Foreign Trade Zone is a less than 15-mile Dr., which also receives CSX rail service. Lastly, the Port of Richmond and Richmond Marine Terminal is a less than 15-mile Dr. and receives CSX rail service. Due to the supply chain and cargo shipment choices at hand, the property holds incredible value to those who may be looking for a location in the Mid-Atlantic that is capable of convenient domestic and international distribution via road, rail, water, and air.

“The Richmond, Virginia submarkets have been discovered as a prime location for national and international logistic and warehousing operations. Our centralized location on the Eastern Seaboard offers an unmatched interstate system, rail service, and adjacent international ports. Our cost of living and taxes are extremely competitive compared to many other major cities, and the area offers an abundant qualified workforce. Being situated next to the 1 Billion Dollar Lego facility demonstrates the attractiveness of this newly developed Industrial Park and the surrounding Richmond, Virginia market. This is a court-ordered sale and we are welcoming brokers to register their buyers today for this event on Dec. 7th. Buyers can bid live or online. Please call with any questions. “

- Mark Motley CAI, AARE, President of Motleys Asset Disposition Group.

From its Richmond, VA Corporate Headquarters & Auction Complex located just off I-95, Motleys Asset Disposition Group has been in the auction business since 1967 and offers a full array of asset sales, valuations, and management services through specialized divisions including Residential Real Estate, Commercial Real Estate, Industrial, Appraisals, Business & Estate Liquidations and its sister company, Motleys Richmond Auto Auction.

Having historically been chosen to liquidate physical and intellectual properties across the nation, Motleys has proven experience with liquidating high-value real estate. It is this experience that will culminate at the Motleys’ public simulcast auction on December 7th at 2PM EST when the 103.6± acre parcel and 284,000± s/f facility will go to auction.