3405 Commerce Rd - Warehouse FOR SALE


Richmond, VA 23234
$5,100,000 USD
804-266-8831
3405 Commerce Rd, Richmond, VA for Sale
$5,100,000 USD
Warehouse - FOR SALE
1/93
null | Request Cap Rate

3405 Commerce Rd
Richmond, VA 23234


HIGHLIGHTS

  • Market cap rate
  • Phenomonal location fronting I-95
  • 42,628 SF
  • Strong local tenant
  • New roof- 20 year warranty

OVERVIEW

This single-tenant, long term lease investment opportunity is a chance for an investor to buy a strong cash flow building with market annual increases. The current lease with Git The Trucking Commercial Tires, a commercial tire installation and road service company, has been in place for over a year. Prior to the current tenant, the conditioned one-story building was previously used for printing and direct mail. The highly 1-95 visible building is approximately 41, 396 sf and has three (3) loading docks, one drive-in door, two (2) levelers and 3 phase/240 V/ 3000-amp service. The sizable property contains approximately 177 parking spaces within the 3.46-acre parcel. The industrial market in the Richmond area is extremely strong as demand remains very healthy. Rental rates have grown significantly in recent prior years and are still extremely stout. Richmond is extremely well located at the intersection of 1-95 and 1- 64, making it an excellent distribution location for the entire East Coast. 3405 Commerce has a Triple Net Lease structure with tenant responsible for all real estate taxes, building insurance, utilities and maintenance. The buyer of this property will be able to secure a robust return with very little management headaches.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

UTILITIES

-

CLEAR CEILING HT

12 Ft

DOCKS

3

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.46

LAND SF

150,718

ZONING

M-1

APN/PARCEL ID

S008-0822-072

ASK ABOUT THIS PROPERTY

Ken CampbellOne South CommercialMore Info
804-266-8831

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Ken CampbellOne South CommercialMore Info
804-266-8831

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