10390 Sadisco Dr - Auto Dealership FOR SALE


Ashland, VA 23005
$7,000,000 USD
949-350-5431
10390 Sadisco Dr, Ashland, VA for Sale
$7,000,000 USD
Auto Dealership - FOR SALE
1/6
null | 3.17% Cap Rate

10390 Sadisco Dr
Ashland, VA 23005


HIGHLIGHTS

  • Insurance Auto Auctions: A Highly Reputable, BB+ Rated Industrial Tenant with Over 200 Locations Across the U.S., Canada, UK, and Australia
  • Mission-Critical Location: IAA Has Operated at This Site for Over 13 Years
  • Significantly Below-Market Rent: Tenant is Paying $753/mo per Acre, which is More Than 75% Below Market
  • Low Cost Basis: $284,000 Per Acre is More than 50% Below Market

OVERVIEW

--Insurance Auto Auctions: A Highly Reputable, BB+ Rated Industrial Tenant with Over 200 Locations Across the U.S., Canada, United Kingdom, and Australia --Mission-Critical Location: IAA Has Operated at This Site for Over 30 Years --Significantly Below-Market Rent: Tenant is Paying $753/mo per Acre, which is More Than 75% Below Market --Low Cost Basis: $284,000 Per Acre is More than 50% Below Market --High Credit Tenant-- -Strong Corporate Guarantee: Backed by a Tenant with Over $4.28 Billion in Annual Revenue -Market Leadership: IAA Is a Leading Company in the Salvage Vehicle Auction Market, Specializing in Total Loss, Damaged, and Low-Value Vehicles -Publicly Traded: The Tenant Is Listed (NYSE: RBA) With a Market Capitalization of $20.07 Billion -E-Commerce & Recession-Resilient: IAA Is Well-Suited to Thrive in Various Economic Conditions --Strong Real Estate Fundamentals-- -Highly Desirable IOS Site: The Property Boasts a Large 24.58-Acre Lot, a Key Feature in Today’s Market -Prime Location: Strategically Positioned on the Washington Hwy and Off Interstate 95, Offering Easy Access to the Richmond Metro Area -Investor-Friendly: This Absolute NNN Industrial Property Offers Zero Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market -Located in a Dense Industrial Area with other National Brands such as Ferguson, Rush Truck Centers, Bobcat, Lansing Building Products, Amazon, Contech Engineered Solutions, and Many More within Close Proximity to the Subject Property Broker of Record: Brian Hosey – License: #0225247494 7200 Wisconsin Avenue, Suite 1101, Bethesda, MD 20814 Phone: (202) 536-3700

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$636 USD /SF

CAP RATE

3.17%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Insurance Auto Auctions (IAA) | ±24.5 AC IOS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

ADD'L SUBTYPES

Truck Terminal, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

24.58 AC

LAND SF

1,070,705 SF

ZONING

M2

APN/PARCEL ID

7788-27-3435

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

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Ron DuongMarcus & MillichapMore Info
949-350-5431

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