This Office Property is Off-Market.

100 Parkway Road
Charleston, WV 25309 ·

24,911 SF · Office For Sale

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Office Property For Sale

Price N/A Occupancy 100%
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

Description

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.

Highlights

  • 10 Year Lease
  • Absolute NNN; No Landlord Responsibility
  • 10% CAP; Cash on Cash exceeding 18%
  • Below-Market Rent
  • Desirable Location
  • Solid Credit Tenant

Research

100 Parkway Road, Charleston, WV 25309 (Kanawha County)

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