Former Ukrop’s Grocery Property In Fredericksburg Area Sells For $2. 2 Million

1/10/18

4250 Plank Road courtesy Cushman & Wakefield | Thalhimer

A former Ukrop’s grocery store property that has been vacant for nearly eight years has sold for $2.2 million to a local private investor.

Cushman & Wakefield | Thalhimer, which announced the sale, said the 63,000-square-foot former store at 4250 Plank Road in Spotsylvania County has been vacant since Ukrop’s closed the store in 2010 after the company was sold.

W.T.F.H.I.D LLC purchased the six-acre site from Cedar-Fredericksburg UK LLC. , a subsidiary of Cedar Realty Trust, a real estate investment trust.

Thalhimer handled the sale negotiations on behalf of the seller and will represent the new owner on the leasing. According to James Ashby IV, a senior vice president at Thalhimer who heads the firm’s retail group, the property – close to Interstate 95, is drawing lots of interest. “There are not a lot of options along the Route 3 corridor in the 20,000 to 60,000-square-foot ranges,” he said.

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