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Industrial Single Tenant Investment 601 Northwest Ave 47,100 SF 100% Leased Industrial Building Blackstone, VA 23824 $1,900,000 ($40.34/SF)
Investment Highlights
- 1 mile to Route 460, 35 min to Petersburg, 1 hour to Richmond & 2 hours to Raleigh
- Close proximity to Fort Pickett
- 4 drive-in doors/4 dock level doors
- 47,100 SF
- 4 acre site
Executive Summary
Strong Local Tenant – Approx. 8 Years Remaining!
This single-tenant, long term lease investment opportunity is a chance for an investor to own a strong cash flowing building with annual market increases.
The current lease with JKOZ Engineering, a custom seal and gasket company for the defense and aerospace industry, has been in place for over two years. The well located building just off route 460 is approximately 47,100 SF and has four loading docks, and four drive-in doors.
Due to the continued healthy demand the industrial market in Central Virginia area is very strong. Rental rates have grown significantly in recent years and are still extremely stout. Blackstone is well located on route 460 with easy access to Petersburg, Richmond and Raleigh, NC, making it an excellent distribution location for the entire East Coast.
601 North West Avenue has a Triple Net Lease structure with tenant responsible for all real estate taxes, building insurance, utilities and maintenance. The buyer of this property will be able to secure a robust return with very little management headaches.
This single-tenant, long term lease investment opportunity is a chance for an investor to own a strong cash flowing building with annual market increases.
The current lease with JKOZ Engineering, a custom seal and gasket company for the defense and aerospace industry, has been in place for over two years. The well located building just off route 460 is approximately 47,100 SF and has four loading docks, and four drive-in doors.
Due to the continued healthy demand the industrial market in Central Virginia area is very strong. Rental rates have grown significantly in recent years and are still extremely stout. Blackstone is well located on route 460 with easy access to Petersburg, Richmond and Raleigh, NC, making it an excellent distribution location for the entire East Coast.
601 North West Avenue has a Triple Net Lease structure with tenant responsible for all real estate taxes, building insurance, utilities and maintenance. The buyer of this property will be able to secure a robust return with very little management headaches.
Property Facts
| Price | $1,900,000 | Rentable Building Area | 47,100 SF |
| Price Per SF | $40.34 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1980 |
| Property Type | Industrial | Parking Ratio | 0.64/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 22’ |
| Building Class | C | No. Dock-High Doors/Loading | 4 |
| Lot Size | 4.00 AC | No. Drive In / Grade-Level Doors | 4 |
| Zoning | M-2 - Heavy Industrial Zoning | ||
| Price | $1,900,000 |
| Price Per SF | $40.34 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 4.00 AC |
| Rentable Building Area | 47,100 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 0.64/1,000 SF |
| Clear Ceiling Height | 22’ |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | M-2 - Heavy Industrial Zoning |
Utilities
- Lighting
- Water - City
- Sewer - City
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Meherrin Agriculture & Chemical
- Agriculture, Forestry, Fishing and Hunting
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Meherrin Agriculture & Chemical | Agriculture, Forestry, Fishing and Hunting | - | - | Lorem Ipsum | Jan 0000 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 50A13 1 1 | Improvements Assessment | $454,948 |
| Land Assessment | $48,000 | Total Assessment | $502,948 |
Property Taxes
Parcel Number
50A13 1 1
Land Assessment
$48,000
Improvements Assessment
$454,948
Total Assessment
$502,948
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Industrial Single Tenant Investment | 601 Northwest Ave
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