Eastpointe Business Park

105 Platinum Drive, Bridgeport, WV

$7,355,000

Price

7.71%

Cap Rate

$567,358

NOI

Overview
Cap Rate
7.71%
NOI
$567,358
Building Size
44,056 sqft
Lot Area
3.51 acres
Year Built
1999
Parking Spots
220
Description

TENANT HIGHLIGHTS
•Government Service Administration: Labor Mine Safety & Health Administration, backed by the United States Government.
•ResCare: Providing community living services for individuals with intellectual and developmental disabilities, 138 locations in 25 states.
•WESCO Distribution: 100+ years in business, WESCO international inc., is a publicly traded Fortune 500 holding company for Wesco Distribution, a multi-national electrical distribution and services company. $8.68 billion market cap
•City Net: Trusted provider of leading-edge technology solutions. 20+ years of experience, with 6 locations in 3 states.
•Express Employments Professionals: One of the top staffing companies in the U.S. and Canada. 870+ locations internationally, staffing industry analysts ranked NO. 2 in Industrial staffing, No. 3 in Office/Clerical and No. 4 overall.
•Demarco MD: Over 37 years of experience Dr. James Demarco is a nephrology specialist, diagnosing and managing kidney disease and monitoring chronic conditions such as diabetes and high blood pressure.
•MVB Bank: Began in 1999 as a small community bank and has grown into a NASDAQ-listed Russell 2000 company with 400+ employees and 12 locations.

PROPERTY HIGHLIGHTS
•Strong Tenants: Diverse range of reputable tenants reducing risk and providing stability.
•Value-Add: Vacant spaces that provide the opportunity for increased cashflow and a future increase in return.
• Capital Improvements: Invested $211,000+ on a new interior for ResCare, $20,000+ on a new HVAC unit for MSHA, and put a new roof valued at $182,000+ on building B in 2023.
•Infrastructure and Amenities: Quality office park and up to date amenities further contributing to tenant satisfaction.

DEMOGRAPHICS HIGHLIGHTS
•Affluent Area: Average income of $112,000+ within 1 mile.
•Meadowbrook Mall: Regional Shopping Mall including, Cinemark, JCPenney, Target, Marshalls, Bath & Body Works, GNC, Old Navy, Dick's Sporting Goods, NTB, Planet Fitness, Truist Bank, Outback Steakhouse and more.
•Nearby Tenants Include: Lowes, Walmart Supercenter, Aldi, Home Depot, Chick-Fil-A, Kroger, Walgreens, Panera Bread, Aspen Dental, Great Clips, Hobby Lobby, KFC, Sam's Club, TownePlace Suites by Marriott, Springhill Suites by Marriott, MedExpress Urgent Care, McDonald's, Valvoline, Tractor Supply, Texas Roadhouse, USPS, and more.

Documents
Title
Offering Memorandum
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Location
Gallery