Multi-Tenant Warehouse | Opportunity Zone
1015 E 12th Street, Richmond, VA
For Sale
Retail
Neighborhood Center
$1,775,000
Price
6.02%
Cap Rate
$106,837
NOI
Overview
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
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
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
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Offering Memorandum |