Warehouse complex on Richmond Highway sells for $11,000,000

Richmond BizSense is reporting the $11 million sale of the warehouse complex at 1700 Richmond Highway:

The two industrial buildings at 1700 Richmond Highway sit on nearly 14 acres just south of the Model Tobacco apartments, and their 230,000 square feet is only about 30 percent leased. […] The new owners are planning to invest an additional $2 million into renovating the 74-year-old warehouses with new dock doors, roof, paint and lighting.