Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

962 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

3405 Commerce Rd

41,396 SF Industrial Building Richmond, VA 23234 £3,997,074 (£97/SF)

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Market cap rate
42,628 SF
New roof- 20 year warranty

Phenomonal location fronting I-95
Strong local tenant

Executive Summary

This single-tenant, long term lease investment opportunity is a chance for an investor to buy a strong cash flow building with market annual increases. The current lease with Git The Trucking Commercial Tires, a commercial tire installation and road service company, has been in place for over a year. Prior to the current tenant, the conditioned one-story building was previously used for printing and direct mail. The highly 1-95 visible building is approximately 41, 396 sf and has three (3) loading docks, one drive-in door, two (2) levelers and 3 phase/240 V/ 3000-amp service. The sizable property contains approximately 177 parking spaces within the 3.46-acre parcel.
The industrial market in the Richmond area is extremely strong as demand remains very healthy. Rental rates have grown significantly in recent prior years and are still extremely stout. Richmond is extremely well located at the intersection of 1-95 and 1- 64, making it an excellent distribution location for the entire East Coast. 3405 Commerce has a Triple Net Lease structure with tenant responsible for all real estate taxes, building insurance, utilities and maintenance. The buyer of this property will be able to secure a robust return with very little
management headaches.

3405 Commerce Rd (11.19.24)

Property Facts

Price	£3,997,074	Number of Floors	1
Price Per SF	£97	Year Built	1962
Sale Type	Investment	Tenancy	Single
Property Type	Industrial	Clear Ceiling Height	12 ft
Property Subtype	Warehouse Industrial Distribution	No. Dock-High Doors/Loading	3
Building Class	B	Level Access Doors	1
Lot Size	3.46 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Rentable Building Area	41,396 SF

Price	£3,997,074
Price Per SF	£97
Sale Type	Investment
Property Type	Industrial
Property Subtype	Warehouse Industrial Distribution
Building Class	B
Lot Size	3.46 AC
Rentable Building Area	41,396 SF
Number of Floors	1
Year Built	1962
Tenancy	Single
Clear Ceiling Height	12 ft
No. Dock-High Doors/Loading	3
Level Access Doors	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.