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850 Hooker St 469,325 SF 40% Leased Industrial Building Martinsville, VA 24112 $4,150,000 ($8.84/SF)
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$432,039
|
$0.92
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$432,039
|
$0.92
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$117,881
|
$0.25
|
| Net Operating Income |
$314,158
|
$0.67
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $432,039 |
| Annual Per SF | $0.92 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $432,039 |
| Annual Per SF | $0.92 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $117,881 |
| Annual Per SF | $0.25 |
| Net Operating Income | |
|---|---|
| Annual | $314,158 |
| Annual Per SF | $0.67 |
PROPERTY FACTS
| Price | $4,150,000 | Rentable Building Area | 469,325 SF |
| Price Per SF | $8.84 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1924 |
| Property Type | Industrial | Parking Ratio | 0.64/1,000 SF |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 20 |
| Building Class | C | No. Drive In / Grade-Level Doors | 10 |
| Lot Size | 33.00 AC | Opportunity Zone |
Yes
|
| Zoning | M-1 | ||
| Price | $4,150,000 |
| Price Per SF | $8.84 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 33.00 AC |
| Rentable Building Area | 469,325 SF |
| No. Stories | 1 |
| Year Built | 1924 |
| Parking Ratio | 0.64/1,000 SF |
| No. Dock-High Doors/Loading | 20 |
| No. Drive In / Grade-Level Doors | 10 |
| Opportunity Zone |
Yes |
| Zoning | M-1 |
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating - Gas
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
62,500+/- SF, 30' ceilings; Two Docks; Sprinkled; Gas heat; LED Lighting
23,000+/- SF; 18-20' ceilings; Two Large Drive-In Doors; Sprinkled; Gas Heat; Skylights; LED Lights
142,000+/-SF; 3 Stories all with dock access; 5+ Docks; LED lights; sprinkled; gas heat; restrooms.
6,000+/- SF Shop building; One Drive-In Door; 12' Ceiling
13,000+/- SF; One Drive-In Door; 20' Ceiling; New Roof; Skylights; Gas Heat; Sprinkled; LED Lighting
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 1 | 62,500 SF | Industrial | - | Now |
| 1st Fl - 2 | 23,000 SF | Industrial | - | Now |
| 1st Fl - 3 | 142,000 SF | Industrial | - | Now |
| 1st Fl - 4 | 6,000 SF | Industrial | Full Build-Out | Now |
| 1st Fl - 5 | 13,000 SF | Industrial | Full Build-Out | Now |
1st Fl - 1
| Size |
| 62,500 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
1st Fl - 2
| Size |
| 23,000 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
1st Fl - 3
| Size |
| 142,000 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
1st Fl - 4
| Size |
| 6,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 5
| Size |
| 13,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 1
| Size | 62,500 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
62,500+/- SF, 30' ceilings; Two Docks; Sprinkled; Gas heat; LED Lighting
1st Fl - 2
| Size | 23,000 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
23,000+/- SF; 18-20' ceilings; Two Large Drive-In Doors; Sprinkled; Gas Heat; Skylights; LED Lights
1st Fl - 3
| Size | 142,000 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
142,000+/-SF; 3 Stories all with dock access; 5+ Docks; LED lights; sprinkled; gas heat; restrooms.
1st Fl - 4
| Size | 6,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
6,000+/- SF Shop building; One Drive-In Door; 12' Ceiling
1st Fl - 5
| Size | 13,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
13,000+/- SF; One Drive-In Door; 20' Ceiling; New Roof; Skylights; Gas Heat; Sprinkled; LED Lighting
Presented by
L & M Properties, LLC
850 Hooker St
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