Richmond, VA – Commonwealth Commercial Partners, LLC is pleased to have facilitated the sale at 11250 Hopson Road in Ashland, VA. This property consists of a 52,500± SF industrial building situated on 3.67± acres. Colton Konvicka and Nate Krey of Commonwealth Commercial represented the purchaser, TMC Properties, LLC dba Green Air, Inc/The Duct Shop/Evolve Air Systems. Kevin Cox of Porter Realty Company represented the seller, Gloria Sydnor. This transaction closed on July 23, 2020 for $2,765,000.
Green Air, Inc. will move from its current office to occupy 28,000± SF of this property, doubling their existing space to accommodate their business growth. They plan to implement extensive capital improvements, while maintaining the long-term lease of the existing single tenant of the residual 24,500± SF. This sale was an owner occupant/investment, reverse 1031 exchange for the purchaser.
ABOUT COMMONWEALTH COMMERCIAL PARTNERS, LLC
Founded in 1996, Commonwealth Commercial is a leading full-service commercial real estate firm headquartered in Richmond, VA, with offices Hampton Roads VA, Nashville TN, Jacksonville FL, Tampa FL, Charlotte NC, Raleigh/Durham NC, Greenville SC, Charleston SC, Houston TX, Kansas City MO, St. Louis MO, Columbus OH, and Minneapolis MN. The company provides demonstrated expertise in the areas of leasing, purchasing, selling, developing, consulting, property management and asset management services. To learn more, visit www.commonwealthcommercial.com.