28 Providence Ln - Industrial FOR SALE


Petersburg, WV 26847
$1,633,300 USD
415-677-0458
28 Providence Ln, Petersburg, WV for Sale
$1,633,300 USD
Industrial - FOR SALE
1/6
null | 7.1% Cap Rate

28 Providence Ln
Petersburg, WV 26847


HIGHLIGHTS

  • Credit Tenant providing secure, long-term income
  • Long-term lease with annual rent increases ensuring consistent growth
  • On-site potential for building and/or parking expansion
  • Diverse economy supported by defense, manufacturing, food production, and tourism
  • Northrop Grumman operates the 1,600-acre Allegany Ballistics Laboratory, producing advanced military components
  • Pilgrim’s Pride runs three major poultry plants within Moorefield city limits

OVERVIEW

Cushman & Wakefield, Inc. and Century Realty, LLC are pleased to offer for sale a 950 SF industrial building in Petersburg, WV leased to Bottling Group, LLC, a subsidiary of PepsiCo, Inc.. The original 10 year lease to Bottling Group commenced April 1, 2024 and has an 8 year 3 month remaining lease term. Petersburg is located in the Potomac Highlands region which is in the eastern panhandle of West Virginia. The region’s economy has a diverse mix of defense research and manufacturing, wood products manufacturing, food production, and tourism. Potomac Highland’s diverse economy is anchored by tourism, and brand name companies in defense technology and manufacturing, food production and more. National Defense - Northrop Grumman manages the Allegany Ballistics Laboratory (ABL), a government-owned, 1,600-acre complex in Rocket Center, West Virginia, The ABL facility manufactures about 80 military products, including advanced composites for the F-22 Raptor, advanced strike missiles, and 30mm shells for Apache helicopters and training munitions. Food Processing - Pilgrim’s Pride is one of the largest chicken producers in the U.S. with three plants situated together within Moorefield’s city limits. Manufacturing - American Woodmark Corp. is one of the three largest cabinetmakers in the U.S., fabricating doors, drawers and components, finishing them and shipping them out to sister plants for final assembly. Tourism - The region is a short drive from the Washington and Baltimore metro areas, making it accessible for weekend getaways. Nestled in the Monongahela National Forest, the area offers hiking, rock climbing, camping, and trophy trout fishing, kayaking, canoeing opportunities on different forks of the Potomac River.

FOR SALE DETAILS

PRICE

$1,633,300 USD

PRICE/SF

$1,719 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PepsiCo Distribution Building

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

4.15

LAND SF

180,774

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Douglas LongyearCushman & WakefieldMore Info
415-677-0458

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Douglas LongyearCushman & WakefieldMore Info
415-677-0458

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