Multi-Tenant Warehouse | Opportunity Zone

1015 E 12th Street, Richmond, VA

$1,800,000

Price

5.94%

Cap Rate

$106,837

NOI

Overview
Cap Rate
5.94%
NOI
$106,837
Building Size
35,484 sqft
Lot Area
2.61 acres
Lease Type
Double Net
Year Built
1960
Price Per Sqft
$50.73
Roof & Structure
Landlord’s Responsibility
HVAC
Tenant’s Responsibility
Repairs & Maintenance
Landlord’s Responsibility
Description

Sands Investment Group is Pleased to Exclusively Offer For Sale the 35,484 SF Multi-Tenant Warehouse at 1015 E 12th Street in Richmond, VA. This Opportunity Includes a Warehouse Located in an Opportunity Zone With Low Rent Within Richmond’s MSA, Providing For a Secure Investment.

SIG Works With Non-Resident Prospective Buyers
In Cooperation With Stan Stanfield, VA Broker Lic # 0226026959 of
JDS Real Estate Services, Inc. VA Broker Lic # 0226026959
JDS Real Estate Services, Inc. Works With Prospective Virginia Resident Buyers

Highlights
  • Located in an Opportunity Zone With Low Rent – Rent Replaceability
  • The Building is Approximately 35,484 SF, Which Includes a Warehouse With Three Different Tenants
  • Building is 14’-16’ Feet Tall and Includes Two Dock Doors
  • Property is Located in Richmond’s MSA, Containing About 1,263,617 Residents Making it the 3rd Most Populous Metro in the State
  • Excellent Demographics With Over 250,233 Residents Within a 5-Mile Radius
  • Located 6 Minutes From Downtown Richmond and Less Than 10 Minutes to Richmond’s Marine Terminal – Port of Virginia
  • Richmond Was Voted #10 on Expedia’s List of “18 Cities That Must Be Seen in 2018”
  • Nearby Tenants Include: Family Dollar, Dollar General, Starbucks, Subway, Dollar Tree, Marriott, SunTrust, McDonald’s and More
Documents

Location
Gallery