The two bay warehouse located at 305 Industrial Court Southeast, Leesburg, Loudoun County, Virginia is being offered for sale authorized by a Chapter 11 bankruptcy proceeding. Formerly occupied by Banner Glass and their tenant, the property will be delivered to a new owner as mostly vacant with one tenant.
The former Banner Glass bay is approximately 3,896 square feet and is built out as a glass shop with a few administrative offices. The 2,500-square foot tenanted bay is occupied by an automotive upholsterer who has been there long-term and is on a month-to-month lease. Presently the income from the occupied bay is $2,000 per month.
For investors looking to rehabilitate, reposition and lease warehouse buildings in Virginia, this asset has long-term
potential. Further, the land has been zoned residential as part of the Crescent Design District in the Town of Leesburg, so there is the potential for future development opportunity.
This offering presents investors with an opportunity to acquire a centrally-located industrial building in the Town of
Leesburg. Leesburg is the largest town in Loudoun County, which is the number one county in the nation as measured
by Median Household Income (MHI). The 2014 MHI was $122,294. The property is located approximately 40 miles
from central Washington, D.C., or about 45 minutes.
