Innovation Investments, LLC Acquires Industrial Building In Fredericksburg For $2.77M
22 Perchwood Drive
20,400 SF
Summary
An industrial/flex building spanning 20,400 square feet located at 22 Perchwood Drive in Fredericksburg, Virginia, was sold for $2,770,000. The transaction involved the acquisition of the property by Innovation Investments, LLC from Radley Management, LLC. The asset, situated on 2.78 acres, was purchased with the intention of establishing a new collision center.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,770,000
- Address: 22 Perchwood Drive
- Market: Fredericksburg, VA
- Buyer: Innovation Investments, LLC
- Seller: Radley Management, LLC
- Broker: Virgil G. Nelson - Cushman & Wakefield
- SF: 20,400
- PPSF: $136
The transaction was facilitated by Virgil G. Nelson from Cushman & Wakefield, who represented the parties involved in the sale. Innovation Investments, LLC, the buyer, made a strategic move in acquiring the industrial property located in Fredericksburg, Virginia, for the purpose of transforming it into a collision center. Radley Management, LLC, the seller, successfully closed the deal, adding to the real estate market activity in the region.
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