601 Northwest Ave - Warehouse FOR SALE


Blackstone, VA 23824
$1,900,000 USD
804-539-3017
601 Northwest Ave, Blackstone, VA for Sale
$1,900,000 USD
Warehouse - FOR SALE
1/6
null | Request Cap Rate

601 Northwest Ave
Blackstone, VA 23824


HIGHLIGHTS

  • 1 mile to Route 460, 35 min to Petersburg, 1 hour to Richmond & 2 hours to Raleigh
  • 47,100 SF
  • Close proximity to Fort Pickett
  • 4 acre site
  • 4 drive-in doors/4 dock level doors

OVERVIEW

Strong Local Tenant – Approx. 8 Years Remaining! This single-tenant, long term lease investment opportunity is a chance for an investor to own a strong cash flowing building with annual market increases. The current lease with JKOZ Engineering, a custom seal and gasket company for the defense and aerospace industry, has been in place for over two years. The well located building just off route 460 is approximately 47,100 SF and has four loading docks, and four drive-in doors. Due to the continued healthy demand the industrial market in Central Virginia area is very strong. Rental rates have grown significantly in recent years and are still extremely stout. Blackstone is well located on route 460 with easy access to Petersburg, Richmond and Raleigh, NC, making it an excellent distribution location for the entire East Coast. 601 North West Avenue has a Triple Net Lease structure with tenant responsible for all real estate taxes, building insurance, utilities and maintenance. The buyer of this property will be able to secure a robust return with very little management headaches.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$40 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Industrial Single Tenant Investment

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

Lighting, Water - City, Sewer - City

CLEAR CEILING HT

22 Ft

DOCKS

4

DRIVE INS

4

PARKING SPACES

30

LAND DETAILS

LAND ACRES

4

LAND SF

174,240

ZONING

M-2

APN/PARCEL ID

50A13 1 1

ASK ABOUT THIS PROPERTY

Tom RosmanOne South CommercialMore Info
804-539-3017

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Tom RosmanOne South CommercialMore Info
804-539-3017

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