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Off Market
1/12

200 W 12th St
Waynesboro, VA 22980


HIGHLIGHTS

  • Rare value add opportunity, with many paths to increased value
  • Excellent history of increasing rents and occupancy
  • Large and diverse tenant mix
  • Very favorable regional trends and market dynamics
  • Deeded right to 2.25 million gallons per day of spring water
  • Historic tax credit redevelopment possible

OVERVIEW

The property benefits from a shortage of available space in nearby Charlottesville and a very attractive rent structure in comparison. Rising rents, falling vacancies and a cost well below replacement value make this offering an attractive property for an active investor looking to add value. The Mill at South River includes approximately 450,000 square feet of buildings on over 37 acres with easy access to Interstates 64 and 81. Current occupancy is 55% and the property has an excellent history of rising occupancy and rents over the last 5 years.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

South River Mill

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1948

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

12

DRIVE INS

8

PARKING SPACES

-

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

-

APN/PARCEL ID

55-2-A