After primarily dabbling in residential real estate in recent years, a downtown Richmond lawyer and his family have made a $ 3 million commercial play in Ashland.
A group comprising married couple Thomas and Jill Voekler, and Thomas’ brother Chris recently acquired 9991 Lickinghole Road for $ 3.15 million.
The land is home to eight buildings, six of which are the Leadbetter Mini-Max Storage and two are flexible office spaces. The approximately 6-acre parcel was recently valued by Hanover County at $ 2.9 million.
Thomas Voekler, a partner at Shockoe Slip-based law firm Kaplan Voekler Cunningham & Frank, said the deal took place off-market.
“It was totally fortuitous. I wanted to get into commerce (land) and especially self-storage, ”Voekler said. “I was renting from (saleswoman) Donna Leadbetter. They pulled out a little flyer, just to see if anyone was interested in buying the storage center. I just asked the question and we started the conversation.
Following the sale, Voekler said the storage business will be renamed Ashland Office and Mini-Storage and will benefit from certain security and website upgrades.
The Voeklers have been in the real estate business for years, primarily owning duplexes in Church Hill and Northside. In 2017, they purchased a 54-unit apartment portfolio on Brookland Park Boulevard and North Avenue in another $ 3.1 million transaction.
“We get offers all the time, but we don’t plan to give them away,” Voekler said. “Like everyone else, we are also in acquisition mode. But it’s hard to make deals that make sense.