201 W 7th St - Loft/Creative Space FOR SALE


Richmond, VA 23224- Old Town Manchester
$6,250,000 USD
804-266-8831
201 W 7th St, Richmond, VA for Sale
$6,250,000 USD
Loft/Creative Space - FOR SALE
1/18
null | Request Cap Rate

201 W 7th St
Richmond, VA 23224
Old Town Manchester


HIGHLIGHTS

  • 5.43 Weighted Average lease term
  • Excellent Tenancy
  • Open and flexible vacancy
  • 80 parking spaces
  • Ideal owner occupant opportunity

OVERVIEW

This one of a kind adaptive reuse creative office building is a rare opportunity located in Historic Manchester. 201 W 7th Street is surrounded by thousands of new residential units and is located in the core of Manchester’s thriving renaissance. The building offers a range of occupancy options, providing for a flexible contiguous vacancy for an owner occupant or easy demising plan for a full building lease-up. The current tenant roster includes the YMCA headquarters, Circle S Studio and Curtis Process Consultants, all with significant term remaining – an attractive revenue stream to any potential owner user seeking to offset occupancy costs. Tenant spaces at “Corrugated Box” feature a combination of open floorplans with beautiful modern buildouts alongside private offices and curated collaborative spaces - a contemporary yet timeless aesthetic that contrasts with the building’s unique historic structure. Although the footprint of the historic warehouse aligns with modern office building standards, the design emphatically avoids the typical building core diagram by pushing service spaces to one edge. This allows for an open and flexible floor plan which emphasizes both the scale of the space and the connectedness of the tenants. In addition, this design creates a central circulation route which encourages interaction and organizes shared spaces such as the cafe, an informal lounge, and a large, multi-media conference room. The building also features an elevator as well as a large portico, a wide covered dock space which fronts the eastern side of the building and is further enhances the potential amenity space offered by the property. Corrugated Box is an ideal property either for a creative owner user or an investor seeking a highly dynamic yet timeless asset in one of Richmond’s hottest rising submarkets.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Corrugated Box

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

B-7

APN/PARCEL ID

S000-0025-006

ASK ABOUT THIS PROPERTY

Chris CorradaOne South CommercialMore Info
804-266-8831

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Chris CorradaOne South CommercialMore Info
804-266-8831

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