Business plan: entitle the site for a 24,000 s.f. industrial building with ample dock loading and high quality architecture. We received entitlements over a 12 month period and put the building in a “permit ready” by processing construction drawings. We were contemplating developing the building on spec when we received an outstanding offer for $1.3M from an adjacent land owner. The sale purchase price of was a record-breaking value for comparable small industrial sites in the market.