51,171-SQUARE-FOOT VIRGINIA COLLEGE SELLS FOR $9.87 MILLION IN ALABAMA

HUNTSVILLE, ALA. — A Philadelphia-based investor has purchased Virginia College, a 51,171-square-foot facility in downtown Huntsville, for $9.87 million. Situated on 5.43 acres, the former Kroger building was redeveloped in 2010. Virginia College is on a 15-year, absolute NNN lease with 1 percent rent bumps annually. Greenville, S.C.-based RealtyLink developed and sold the property.