100 Parkway Road
Charleston, WV 25309 ·
24,911 SF · Office For Sale
Office Property For Sale
|Building Size||24,911 SF||No. Stories||1|
|Property Type||Office||Building Class||B|
|Property Sub-type||Office Building||Tenancy||Single|
|Property Use Type||Net Lease Investment with 10+ years left on lease||Year Built||1996|
|Commission Split||2%||Lot Size||8 AC|
|Cap Rate||10%||Parking Ratio||12 / 1,000 SF|
|Listing ID: 16174815||Date Created: 03/31/2009||Last Updated: 05/17/2009|
Colliers Turley Martin Tucker ("CTMT"), in conjuction with United Country Auction Services, the exclusive listing Broker, is pleased to offer to qualified investors this NNN sale/leaseback opportunity in Charleston, West Virginia. At direction of Ownership, and in order to facilitate a timely sale, the property is scheduled for auction April 30, 2009. However, the Owner will consider accepting pre-auction offers. The property is being sold with a 2nd facility in Beckley, West Virginia. The properties can be purchased separately.
TRG Customer Solutions, Inc. ("TRG-CS") with over 5,000 customer service and sales representatives working out of 20 call centers on 5 continents and annual revenues exceeding $110 Million is currently experiencing a phase of rapid growth. TRG-CS wishes to use the sale/leaseback of its two lone corporate-owned facilites as a tool to reinvest the proceeds back into its business as working capital. TRG-CS is a Top 40 employer in the state of West Virginia.
Please call CTMT for the full Offering Memorandum on both facilities.
The property is located on 8 acres just off of US Route 119, in the highly desirable South Ridge Corporate Park, 7 miles south of downtown. The area is also known as Corridor G in South Charleston, West Virginia.
The Charleston MSA has a population base of 303,950.
- 10 Year Lease
- Absolute NNN; No Landlord Responsibility
- 10% CAP; Cash on Cash exceeding 18%
- Below-Market Rent
- Desirable Location
- Solid Credit Tenant
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