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115 Brand Ave 550,000 SF 100% Leased Industrial Building Salem, VA 24153 $20,000,000 ($36.36/SF)



EXECUTIVE SUMMARY
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $20,000,000 | No. Stories | 1 |
| Price Per SF | $36.36 | Year Built/Renovated | 1957/1991 |
| Sale Type | Investment | Parking Ratio | 0.48/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 26’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 37 |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 25.00 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 550,000 SF | ||
| Zoning | M1 - Commercial | ||
| Price | $20,000,000 |
| Price Per SF | $36.36 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 25.00 AC |
| Rentable Building Area | 550,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1957/1991 |
| Parking Ratio | 0.48/1,000 SF |
| Clear Ceiling Height | 26’ |
| No. Dock-High Doors/Loading | 37 |
| No. Drive In / Grade-Level Doors | 3 |
| Opportunity Zone |
Yes |
| Zoning | M1 - Commercial |
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
Revlon Consumer Products LLC is a leading global beauty company with a portfolio of iconic brands that transform the lives of women and men around the world. Their Company manufactures and markets color cosmetics, hair color and care, skincare, beauty care and fragrances through a diverse portfolio of 15+ brands sold in more than 150 countries. They are inspired by their founders' originality, vision, and restless curiosity and share their passion for the business of beauty. They operate responsibly and believe that how they conduct business matters as much as the results they achieve. They are bold, courageous and results-driven and we celebrate individuality in their teams and among the consumers they serve.
Patterson Pope is a privately held storage solutions company that develops systems for managing physical materials and optimizing organizational space. Founded in 1972, the company supplies high-density shelving, modular casework, lockers, and other storage systems used across sectors such as healthcare, education, government, and commercial environments. Its operations include solutions designed to help organizations store, track, and retrieve items more effectively, using a combination of mechanical and technology-driven products. Patterson Pope’s presence in Cincinnati supports customers needing storage planning and implementation tailored to local facility requirements. Over the years, the company has expanded its offerings to include document management services such as scanning and RFID tracking, reflecting a shift toward comprehensive asset management. Its growth has also been influenced by its employee-ownership structure, which shapes its long-term operational continuity.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Transportation and Warehousing | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $8,883,600 | |
| Land Assessment | $1,609,600 | Total Assessment | $10,493,200 |
PROPERTY TAXES
Presented by
L & M Properties, LLC
115 Brand Ave
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