VUU Acquires Warehouse Across from Football Stadium
News from RichmondBizSense:
Virginia Union University has added to its real estate holdings in Northside, recently purchasing an industrial warehouse across the street from its Hovey Field football stadium.
VUU paid $2.5 million for 1221 Admiral St., a 23,300-square-foot building between Admiral and School streets at their intersections with Currie Street. The transaction closed June 23, city property records show.
The seller was Lovette Partners LLC, which purchased the 72-year-old building for $850,000 in 2013. The latest city assessment valued the 1-acre property at $856,000.
Porter Realty’s Wilson Flohr and Bob Porter Jr. represented Lovette in the deal. Click here to read the full story.