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100% Leased | Office Investment Opportunity 423 Fortress Blvd 24,379 SF 100% Leased Office Building Morgantown, WV 26508 $6,925,000 ($284.06/SF)
Investment Highlights
- Class A Office Building | 100% Leased Through June 2029
- On-site Amenities Including Training Rooms, a Full Kitchen, Employee Lounge, Fitness Room, and Outdoor Patio
- Located in the Cheat Lake Submarket
- Opportunity for Both Investors and Owner-Users, with Existing Cash Flow and Future Occupancy Potential
Executive Summary
423 Fortress Boulevard presents a rare opportunity to acquire a premier Class A office asset in the highly desirable Cheat Lake submarket of Morgantown, West Virginia. Constructed in 2018, the two-story property contains 24,379 rentable square feet of institutional-quality office space designed to support a wide range of occupancy requirements.
The building features an efficient mix of open collaboration areas and private offices, complemented by a robust suite of on-site amenities including training rooms, a full kitchen, employee lounge, fitness room, and outdoor patio. Prominent building signage, excellent visibility, and an abundant parking ratio of 5.37 spaces per 1,000 square feet further enhance the property's appeal.
The offering presents a compelling opportunity for both investors and owner-users, with existing cash flow and future occupancy potential. Situated on 3.10 acres within the Cheat Lake corridor, one of Morgantown's fastest growing and most affluent submarkets, the property offers exceptional access to Interstate 68, Route 43, downtown Morgantown, West Virginia University, and the broader North Central West Virginia region.
Supported by Morgantown's stable economy, anchored by leading healthcare, education, and government institutions, 423 Fortress Boulevard represents a compelling opportunity to acquire a modern, high-quality office asset at a basis below replacement cost. Additional details available upon execution of a confidentiality agreement.
The building features an efficient mix of open collaboration areas and private offices, complemented by a robust suite of on-site amenities including training rooms, a full kitchen, employee lounge, fitness room, and outdoor patio. Prominent building signage, excellent visibility, and an abundant parking ratio of 5.37 spaces per 1,000 square feet further enhance the property's appeal.
The offering presents a compelling opportunity for both investors and owner-users, with existing cash flow and future occupancy potential. Situated on 3.10 acres within the Cheat Lake corridor, one of Morgantown's fastest growing and most affluent submarkets, the property offers exceptional access to Interstate 68, Route 43, downtown Morgantown, West Virginia University, and the broader North Central West Virginia region.
Supported by Morgantown's stable economy, anchored by leading healthcare, education, and government institutions, 423 Fortress Boulevard represents a compelling opportunity to acquire a modern, high-quality office asset at a basis below replacement cost. Additional details available upon execution of a confidentiality agreement.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
24,379 SF
Building Class
A
Year Built
2015
Price
$6,925,000
Price Per SF
$284.06
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,190 SF
Building FAR
0.18
Lot Size
3.10 AC
Parking
153 Spaces (6.28 Spaces per 1,000 SF Leased)
Amenities
- Fitness Center
- Signage
- Outdoor Seating
- Air Conditioning
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 31-18- 14-0027.0012 | Improvements Assessment | $2,921,820 |
| Land Assessment | $1,043,820 | Total Assessment | $3,965,640 |
Property Taxes
Parcel Number
31-18- 14-0027.0012
Land Assessment
$1,043,820
Improvements Assessment
$2,921,820
Total Assessment
$3,965,640
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