RICHMOND—Auction.com and Cushman & Wakefield | Thalhimer are conducting an online auction of the Mutual Building, located on 909 E Main St. here. The auction began this week and will run for three days.
The CBD office is one of Richmond's first high-rise office buildings, making the 12-story, 132,434-square-foot property eligible for state and federal historic tax credits. The starting bid was $800,000. "In addition to The Mutual Building's central location and flexible interior layout, the building offers an ideal opportunity for an investor looking to capitalize on the various repositioning options," says Eric Paulsen, executive vice president and general manager of commercial real estate for Auction.com, in a prepared statement.
The property offers views of both the James River and the state Capitol. The building's frontage faces East Main Street next to the SunTrust Riverview Building and an adjoining deck provides tenants with 161 parking spaces.
The online auction will conclude at 1 p.m. EDT on Wednesday, March 12.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
