Fundrise Acquires Industrial Asset In Sterling, VA For $20.8M

An industrial property located at 22480 Randolph Drive in Sterling, Virginia has been sold for a price of $20,800,000. The property spans a total area of 76,500 square feet, resulting in a price per square foot of $272. The sale was facilitated by Joe Friedman, Cristine Kleine, Wilson Purcell, and Joshua Norwitz of Edge, who represented the buyer, Fundrise, and the seller, J1B Properties.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $20,800,000
• Address: 22480 Randolph Drive, Sterling, VA
• Market: Sterling, VA

This transaction involved the buyer, Fundrise, represented by Ben Miller, and the seller, J1B Properties. Joe Friedman, Cristine Kleine, Wilson Purcell, and Joshua Norwitz of Edge served as the brokers in the deal. The industrial property located at 22480 Randolph Drive in Sterling, Virginia was sold for a price of $20,800,000, with a total area of 76,500 square feet.