10380 James Madison - Warehouse FOR SALE


Zion Crossroads, VA 22942
$2,500,000 USD
757-419-9335
10380 James Madison, Zion Crossroads, VA for Sale
$2,500,000 USD
Warehouse - FOR SALE
1/4
null | 6% Cap Rate

10380 James Madison
Zion Crossroads, VA 22942


HIGHLIGHTS

  • 400' road frontage on James Madison Highway (Rt 15) in a developing commercial corridor
  • NNN lease (6 CAP) for one year with 4 additional option years and with no landlord involvement. TI adds another 1 CAP.
  • near I-64 and across from a major retail distribution center and an upscale apartment complex
  • Triple net Investment opportunity. ZERO landlord responsibilities.

OVERVIEW

This property includes two parcels with six acres total. The building includes four structures with a total of 13,180 sf per tax records. The property has 400' road frontage on Route 15 (James Madison Highway) in Zion Crossroads (Gordonsville) in Louisa County. The property was recently leased to a national entity backed by a national retailer. The one-year lease ends 4/30/25 but there are four additional one-year option years. Option year rents increase 3% each and the lease is a true NNN lease with no landlord involvement. The cash CAP is 6% and scheduled tenant improvements add an additional 1%. This is a great investment opportunity in a growing area of central Virginia.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Truck Terminal, Service, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

UTILITIES

Lighting - Fluorescent, Water - Well, Sewer - Septic Field, Heating - Electric

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6

LAND SF

261,360

ZONING

C-2

APN/PARCEL ID

52-8-B2

ASK ABOUT THIS PROPERTY

Jack GobbleHoward Hanna Real Estate ServicesMore Info
757-419-9335

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Jack GobbleHoward Hanna Real Estate ServicesMore Info
757-419-9335

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.