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Warehouse on US Hwy 81 - National Tenant 518 Hedrick Ave 10,000 SF Industrial Building Martinsburg, WV 25405 $1,458,335 ($145.83/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Sherwin-Williams With 7+ Years Remaining
- Modified From Gross to NN, and Rent Increased of +/- 60% Without any Landlord Concessions
- High-Visibility Location Along Hedrick Avenue With Direct Frontage
- Strong Tenant Commitment With Recent 10-Year Renewal, Lease
- Located Just 20 Miles From Loudoun County—the Wealthiest County in the Nation
- Strong Demographics of 60,000 Residents in 5-Mile Radius
EXECUTIVE SUMMARY
Welcome to an exceptional investment opportunity at SHERWIN WILLIAMS - 518 Hedrick Ave, Martinsburg, WV 25401. This property boasts a strong tenant commitment with a recent 10-year lease renewal, a strategic location just 20 miles from Loudoun County, and proximity to major retailers like Target and Lowe's. Situated on 0.68 acres, the building spans 10,043 SF and features high-visibility along Hedrick Avenue. With a price of $1,458,335 and a cap rate of 6.0%, Sherwin-Williams, an investment-grade tenant with an S&P credit rating of BBB, offers stability and growth potential. The lease with Sherwin Williams extends until 2032, with a base rent of $87,500 and rent increases of 5% in 2028. The area demographics show a growing population and robust household incomes, making this property an attractive long-term investment opportunity. Don't miss out on this prime commercial real estate offering in Martinsburg!
PROPERTY FACTS
| Price | $1,458,335 | Rentable Building Area | 10,000 SF |
| Price Per SF | $145.83 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1980 |
| Cap Rate | 6% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.2/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 22’ |
| Building Class | C | No. Dock-High Doors/Loading | 4 |
| Lot Size | 0.68 AC | ||
| Zoning | GC | ||
| Price | $1,458,335 |
| Price Per SF | $145.83 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.68 AC |
| Rentable Building Area | 10,000 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Tenancy | Single |
| Parking Ratio | 1.2/1,000 SF |
| Clear Ceiling Height | 22’ |
| No. Dock-High Doors/Loading | 4 |
| Zoning | GC |
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PROPERTY TAXES
| Parcel Number | 01-5P-00100000 | Improvements Assessment | $264,300 |
| Land Assessment | $81,000 | Total Assessment | $345,300 |
PROPERTY TAXES
Parcel Number
01-5P-00100000
Land Assessment
$81,000
Improvements Assessment
$264,300
Total Assessment
$345,300
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Warehouse on US Hwy 81 - National Tenant | 518 Hedrick Ave
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