Commonwealth Building Materials (GMS)
$3,300,000
1701 Endeavor Drive, Williamsburg, VA 23185
For Sale
Industrial
Warehouse
Pending
Last Updated: 07/19/2021
7.26
Cap Rate
239,470
NOI
Details:
Cap Rate: 7.26%
NOI: $239,470
Building Size: 26,500 sqft
Lot Area: 4.41 acres
Lease Type: Double Net
Year Built: 2018
Price Per Sqft: $124.53
Roof & Structure: Landlord's Responsibility
HVAC: Tenant's Responsibility
Repairs & Maintenance: Tenant's Responsibility
Highlights:
- Commonwealth Building Materials is a Subsidiary of Gypsum Management & Supply (NYSE: GMS), a Leading Distributor of Gypsum Wallboard, Suspending Ceiling Systems and Other Specialty Building Products
- Investment Grade Credit, GMS Has a Baa3 Credit Rating (Moody’s)
- 2018 Corporate Build-to-Suit Prototype
- Demographics Show a Population of 36,704 Residents Making an Average Household Income of $83,397 Within a 5-Mile Radius
- Located Among Several Other Industrial Sites Such as the Walmart Distribution Center, Haynes Furniture Distribution Center and the Ball Metal Beverage Packaging
- Adjacent to the Yorktown Naval Military Base That Serves as a Weapons and Ammunition Storage For the Fleet Forces Command
- Just Minutes From the Colonial Williamsburg Visitor Center and Busch Gardens
- The College of William & Mary is Just 15 Minutes Away and is the 2nd Oldest Higher Education Institution After Harvard in the U.S.; It Serves Over 10,000 Students and Staff
- Williamsburg’s Tourism-Based Economy is Driven By the Colonial Williamsburg Historic Area, Along With Jamestown and Yorktown – Known as the Historic Triangle – and Attracts More Than 4 Million Tourists
- Newport News is Just 20 Minutes to the South, While Richmond is 1 Hour to the North
Description:
We Are Pleased to Present For Sale the 26,500 SF Commonwealth Building Materials Facility Located at 1701 Endeavor Drive in Williamsburg, VA. This is a Great Opportunity t o Invest in a Newly Constructed Built-to-Suit Facility With an Investment Grade Credit Tenant.
SIG Works With Non-Resident Prospective Buyers
In Cooperation With:
Scott Reid & ParaSell Inc., a Licensed Virginia Broker #0226032019
Scott Reid & ParaSell, Inc. Works With
Prospective Virginia Resident Buyers
Documents:
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Offering Memorandum
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