STAFFORD, VA. (Oct. 12, 2022) – Coldwell Banker Commercial Elite is pleased to announce it represented Germanna Community College’s Real Estate Foundation in the organization’s purchase of two properties located at 10 and 25 Center Street in Stafford. The sale price was $11.5 million.
Germanna Community Colleges Real Estate Foundation will lease the buildings to the college, which will use them to house its College of Nursing, Allied Health and IT programs. 10 Center St. is a two-story, 38,000 square-foot building that was constructed in 2003. 25 Center Street is a two-story, 37,000 square-foot building that was built in 2001.
“It was a pleasure to work with Germanna Community Colleges Foundation on this transaction. It was a great deal for them and will benefit both the college and the community by providing ample space for students in the crucial fields of nursing, health and IT,” said Ben Keddie, CCIM, SIOR, vice president and managing broker of Coldwell Banker Commercial Elite.
According to Keddie, the seller was a New York-based investor.
About Coldwell Banker Commercial Affiliates
Coldwell Banker Commercial Elite, an affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types. With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com
Kevin Guhl, email@example.com
A Trusted Guide in Commercial Real Estate
Coldwell Banker Commercial® provides Commercial Real Estate Services from Property Sales and Leases, to Property Management. Learn how our expansive network of Independently Owned and Operated Affiliates and Real Estate Professionals use their in-depth knowledge of the local market and industry trends to help businesses and investors navigate the complexities of the commercial real estate landscape.