105 Platinum Dr - Office FOR SALE


Bridgeport, WV 26330
$2,866,000 USD
859-907-2006
105 Platinum Dr, Bridgeport, WV for Sale
$2,866,000 USD
Office - FOR SALE
1/26
null | 8% Cap Rate

105 Platinum Dr
Bridgeport, WV 26330


HIGHLIGHTS

  • Non-Cancellable Lease Guaranteed by the U.S. Federal Government (AA+ S&P credit rating), expiring 4/26/2033
  • New HVAC in the MSHA Suite
  • MSHA District #3 inspects hundreds of active and inactive mines
  • BrightSpring Health invested over $200,000 for their suite, illustrating their commitment to this location
  • Eastpointe Business Park is surrounded by national retailers, medical, hospitality, and the USPS
  • Bridgeport is an Affluent Area of West Viriginia

OVERVIEW

The Ficke Team of Colliers is pleased to present to qualified investors the opportunity to acquire this two-tenant office building located in the Eastpointe Business Park at 105 Platinum Dr., Bridgeport, West Virginia. Originally developed in 1999 for the U.S. Department of Labor Mine Safety (MSHA), 52% of the building is leased to MSHA and 48% of the building is leased to BrightSpring Health. This long-term MSHA tenant renewed their lease on April 27, 2022, which is non-cancellable until April 27, 2033, and full lease expiring April 26, 2035. The MSHA unit includes a new HVAC unit. This MSHA District 3 Field inspects hundreds of active and inactive coal mines in the five (5) county radius. The Harrison County Mine, also known as the Robinson Run No 95, is the largest underground coal mine operated by Harrison County Coal Company, a subsidiary of Murray Energy Corporation, producing 7.2 million short tons per annum. The BrightSpring lease commenced on September 1, 2023, for 5-years, expiring August 31, 2028. BrightSpring invested over $200,000 in their buildout of this office. BrightSpring is a network of agencies with 138 locations in 25 states that support individuals with intellectual and developmental disabilities, and serves all of Harrison, Marion, Taylor, Monongalia, and Preston Counties from this Bridgeport location. BrightSpring’s home and community-based services focus on helping individuals stay in their personal homes with quality home-based therapy and treatment rather than moving to a group home for care. ???????Bridgeport is a city in eastern Harrison County, West Virginia. North Central West Virginia Airport is in Bridgeport. Allegiant Air has scheduled service to Orlando–Sanford and Myrtle Beach. United Express offers flights to Chicago–O’Hare and Washington– Dulles. Bridgeport is also home to Meadowbrook Mall, a super-regional shopping complex. The mall has a gross leasable area of 849,206 square feet and 109 stores. In September 2022, battery startup SPARKZ announced it would convert a former glass plant in Bridgeport into a production facility for zero-cobalt lithium batteries. In October 2024, the U.S. Department of Energy awarded SPARKZ a $9.8 million grant to create a new battery plant and train coal miner to work it. Once completed, the factory will make batteries for things like forklifts and agricultural equipment.

FOR SALE DETAILS

PRICE

$2,866,000 USD

PRICE/SF

$65 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eastpoint Business Park- Bldg A

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

4.5 AC

LAND SF

196,020 SF

ZONING

Commercial

APN/PARCEL ID

16-33B-00150000

ASK ABOUT THIS PROPERTY

Geoff FickeColliersMore Info
859-907-2006

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Geoff FickeColliersMore Info
859-907-2006

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