3488 SW Aerial Way Dr - Warehouse FOR SALE


Roanoke, VA 24018- Deyerle
$3,803,000 USD
415-602-6339
3488 SW Aerial Way Dr, Roanoke, VA for Sale
$3,803,000 USD
Warehouse - FOR SALE
1/9
null | 5.75% Cap Rate

3488 SW Aerial Way Dr
Roanoke, VA 24018
Deyerle


HIGHLIGHTS

  • Recent Early Renewal | 12+Years Remaining | Options To Extend | 1.5% Annual Rental Increases | Below Market Rent
  • Fee Simple Ownership | NNN Lease | Minimum Landlord Responsibilities
  • Strategic Location | Easy Transportation Access
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• BFS Operations LLC d/b/a Builders FirstSource recently executed a lease amendment extending the term through June 2039, with two additional 5-year renewal options. • The tenant has operated at the site for over 20 years, demonstrating strong commitment and long-term tenancy. • The lease features 1.5% annual rent increases throughout the initial term, with CPI-adjusted increases at the commencement of each option period. • The tenant is paying below-market rent at only $4.95/SF/Yr, providing future upside potential.

FOR SALE DETAILS

PRICE

$3,803,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Builders FirstSource | Annual Increases

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1968

UTILITIES

-

CLEAR CEILING HT

21 Ft

DOCKS

7

DRIVE INS

1

PARKING SPACES

55

LAND DETAILS

LAND ACRES

7.21

LAND SF

314,068

ZONING

I-1

APN/PARCEL ID

521-0702

ASK ABOUT THIS PROPERTY

Jeff GatesSRS Real Estate PartnersMore Info
415-602-6339

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Jeff GatesSRS Real Estate PartnersMore Info
415-602-6339

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