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Southcrest Plaza 4 Retail Properties Offered at $1,799,000 in Parkersburg, WV
INVESTMENT HIGHLIGHTS
- 19,000 VPD; Great visibility
- High occupancy rate; Below market rents
- Entire, contiguous city block (1.50 Acres)
- Below market rents
EXECUTIVE SUMMARY
Wonderful, local commercial real estate investment opportunity comprised of roughly 30,115 SF of commercial and multifamily space on 1.50 acres (an entire block). This property has been very well maintained by local, hands-on ownership and management since its construction. Some highlights include a 95% occupancy rate, strong leasing history and tenant retention, new roofs on the two multi-tenant buildings, and below market rents (creating NOI upside for the right buyer). See attachments for a site plan, a market aerial, and written descriptions of the individual buildings/properties in this portfolio. Call me to discuss the financial analysis in more detail.
PROPERTY FACTS
| Price | $1,799,000 | Status | Active |
| Price / SF | $43.86 / SF | Number of Properties | 4 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 8.16% | Total Building Size | 41,015 SF |
| Sale Type | Investment | Total Land Area | 2.03 AC |
| Price | $1,799,000 |
| Price / SF | $43.86 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 8.16% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 41,015 SF |
| Total Land Area | 2.03 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 713 Division St, Parkersburg, WV 26101 | Retail | 20,363 SF | 1983 | - |
| 709A Division St, Parkersburg, WV 26101 | Retail | 12,000 SF | 1973 | - |
| 701 Division St, Parkersburg, WV 26101 | Retail | 7,150 SF | 1970 | - |
| 705 Division St, Parkersburg, WV 26101 | Retail | 1,502 SF | - | - |
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Southcrest Plaza
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