Multi-Tenant Warehouse | Opportunity Zone

$1,775,000

1015 E 12th Street, Richmond, VA 23224

For Sale

Retail Neighborhood Center

Pending

Last Updated: 09/03/2021

Details:

Cap Rate: 6.02%

NOI: $106,837

Building Size: 35,484 sqft

Lot Area: 2.61 acres

Lease Type: Double Net

Year Built: 1960

Roof & Structure: Landlord’s Responsibility

HVAC: Tenant’s Responsibility

Repairs & Maintenance: Landlord’s Responsibility

Offered by

Solomon Colvin III

Net Lease Advisor

Sands Investment Group

#205030

Request Info to Unlock

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

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 Michael R. Katz, VA Lic # 0225059347 and FL Lic # BK3366474
of REF Advisory, Inc. VA Lic # 02260228023 and FL Lic # CQ1051983
REF Advisory, Inc. Works With Prospective Virginia Resident Buyers