Project Details
Building A
Building C
Opportunity Zone
Location
Contact Us
2703-3205 Commerce Rd | Richmond, VA
1st building underway
(1.2M SF) for Lowes
Deepwater
Industrial Park
Central location; 2 miles from Bells Rd/I-95 interchange and 4.3 miles from downtown
Close proximity to the Richmond Marine Terminal
Public transportation available
All utilities in place
Visible from I-95
Zoning: M-1, City of Richmond, Enterprise Zone
Opportunity Zone
Building A Specifications
119,470 square feet
60’ speed bay
36’ clear height
728’ x 164’ building dimensions
52’ x 52’ column spacing
6 dock doors
36 knock outs for future dock doors
135’ truck court size
2 drive in doors
Office space to suit
LED lighting
ESFR sprinkler
139 (6 accessible) auto parking
7” thick unreinforced slab floor
Building C Specifications
202,254 square feet
36’ clear height
936’ x 216’ building dimensions
60’ speed bay
52’ x 52’ column spacing
8 dock doors
48 knock outs for future dock doors
2 drive in doors
135’ truck court size
Office space to suit
LED lighting
ESFR sprinkler
7” thick unreinforced slab floor
180 (including 8 accessible) auto parking
- Additional options 26 spaces to serve existing warehouse
Opportunity Zone
Opportunity Zones are designed to spur economic development by providing tax benefits to investors. First, investors can defer tax on any prior gains invested in a Qualified Opportunity Fund (QOF) until the earlier of the date on which the investment in a QOF is sold or exchanged, or December 31, 2026. If the QOF investment is held for longer than 5 years, there is a 10% exclusion of the deferred gain. If held for more than 7 years, the 10% becomes 15%. Second, if the investor holds the investment in the QOF for at least ten years, the investor is eligible for an increase in basis of the QOF investment equal to its fair market value on the date that the QOF investment is sold or exchanged.
Generally, to qualify for deferral, the amount of a capital gain to be deferred must be invested in a QOF, which must be an entity treated as a partnership or corporation for Federal tax purposes and organized in any of the 50 states, D.C. or five U.S. territories for the purpose of investing in qualified opportunity zone property.
The QOF must hold at least 90 percent of its assets in qualified Opportunity Zone property (investment standard). Investors who hold their QOF investment for at least 10 years may qualify to increase their basis to the fair market value of the investment on the date it is sold.
The proposed regulations also provide that if at least 70 percent of the tangible business property owned or leased by a trade or business is qualified opportunity zone business property, the requirement that “substantially all” of such tangible business property is qualified opportunity zone business property can be satisfied if other requirements are met. If the tangible property is a building, the proposed regulations provide that “substantial improvement” is measured based only on the basis of the building (not of the underlying land).
Source: Internal Revenue Service
Project Details
Building A
Building C
Optional 14 trailer drops across
entrance road to serve Building C
or existing warehouse
Eastern U.S distance from Deepwater Industrial Park
40% of the United States population lives within a day’s drive
55% of the United States population lives within a 750 mile radius
Multi-modal transportation (interstate system / rail service / air transportation / marine ports)
Opportunity Zone
Location
Building A
Building C
JOE MARCHETTI (owner/agent)
Senior Vice President
+1 804 267 7242
joe.marchetti@colliers.com
REBECCA BARRICKLOW
Assistant Vice President
+1 804 267 7228
rebecca.barricklow@colliers.com
ROB DIROM, SIOR (owner/agent)
Senior Vice President
+1 804 267 7207
rob.dirom@colliers.com
Colliers International
2221 Edward Holland Drive
Suite 600 | Richmond, VA 23230
P: +1 804 320 5500
Copyright © 2022 Colliers International. Information herein has been obtained from sources deemed reliable, however its accuracy cannot be guaranteed. The user is required to conduct their own due diligence and verification.
Contact Us
Bus service
every hour
Bus service
every 30 mins.
Richmond Marine Terminal
2.2 miles
Neighboring companies include: Lowes, Amazon, Brother International, Dupont, Phillip Morris, Riverside Logistics
Strong Transportation
Infrastructure
Over 140 million pounds of cargo
shipped from Richmond International Airport each year
Port of Virginia Annual TEU volume:
- 2021: 3,522,834
- 2020: 2,813,415
- 2019: 2,937,962
- 2018: 2,855,904
Richmond Marine Terminal
Annual TEU volume:
- 2021: 40,058
- 2020: 42,254
- 2019: 37,70
2 industrial buildings coming available for lease in 2022
2301 Commerce Road
3001 Commerce Road
