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Posted on: April 22, 2021

2405 Granite Ridge Road- Case Study

2405 Granite Ridge Case Study

Industrial projects in Goochland are happening, and moving quickly. 

Commonwealth Commercial recently reviewed their experience with 2405 Granite Ridge Road in Goochland. Commonwealth Commercial took this industrial raw land site to investment sale. They worked with the developer through various aspects of the project.

In the end Commonwealth Commercial took an undeveloped site into a fully leased portfolio. Understanding that the leasing market for industrial market is highly desirable for the speculative development. The three building portfolio was entirely pre-leased before construction was complete. The three buildings sold for just over $3 million off market to achieve the highest industrial price per square foot sale in Goochland County.

For addiitonal buildings and sites available, please click here

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