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

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Executive Summary

Fully Leased.

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
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
  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Revlon Group Holdings LLC is a leading global beauty company with a portfolio of iconic brands, committed to innovation, excellence, and delivering high-quality products that inspire and empower their customers. Revlon has developed a long-standing reputation as a color authority and beauty trendsetter in the world of color cosmetics,?hair care, and broader consumer beauty products. Since its breakthrough launch of the first opaque nail enamel in 1932, Revlon has provided consumers with high quality product innovation, performance, and sophisticated glamour.

  • Transportation and Warehousing
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

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

Property Taxes

Parcel Numbers
Multiple
  • 84-2-12
  • 73-3-7
Land Assessment
$1,609,600
Improvements Assessment
$8,883,600
Total Assessment
$10,493,200
  • Listing ID: 35602120

  • Date on Market: 4/23/2025

  • Last Updated:

  • Address: 115 Brand Ave, Salem, VA 24153

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