MARTINSBURG, WV – Transwestern Real Estate Services has brokered the sale of a 186,673-square-foot warehouse in Martinsburg, WV, located at 748 Novak Drive.
Built in 1998, the property encompasses 27 acres and is equipped with eight exterior docks. The warehouse is situated two miles from Interstate 81 and is in close proximity to numerous private employers, such as Macy's Essroc, Procter & Gamble Company, General Motor, FedEx and Rubbermaid.
Representing the seller were Transwestern EVPs, Caulley Deringer, Steve Cloud and Gerry Trainor, SVP, Bev Scheffler and assistant VP, Andrew Hasset. Transwester's SVP, Tom Burns represented the buy, who purchased the asset for an undisclosed amount.
"The ability to own a well-maintained, state-of-the-art asset within close proximity to major arterials was a considerable deciding factor for the buyer," said Sheffler. "The low cost of real estate and pro-business environment re-enforced their purchasing decision."
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
