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Decoy Square 6301 Lankford Hwy

36,500 SF 73% Leased Light Industrial Building New Church, VA 23415 £1,838,758 (£50/SF) 7.32% Net Initial Yield

Investment Highlights

  • Excellent Tenant History
  • Excellent Signage and Parking
  • Opportunity Zone

Executive Summary

36,500 SF Commercial Property on 19 Acres

Attachments

Decoy Square

Property Facts

Price £1,838,758
Price Per SF £50
Sale Type Investment
Net Initial Yield 7.32%
Property Type Light Industrial
Property Subtype
Light Manufacturing
  • Industrial Service
Building Class B
Lot Size 19.00 AC
Rentable Building Area 36,500 SF
Number of Floors 1
Year Built 1985
Opportunity Zone Yes

About 6301 Lankford Hwy , New Church, VA 23415

Property located on US-13 near the access to Wallops Island and Chincoteague Flex and Retail Tenancy

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Advance America
  • -
  • 1,411 SF
  • -
  • -
  • Aerospace Precision Cleaning
  • -
  • 5,000 SF
  • -
  • -
  • Coldwell Banker Realty
  • -
  • 1,580 SF
  • -
  • -
  • Leak Tight Analysis
  • -
  • 2,500 SF
  • -
  • -
  • That Pet Stuff Place
  • -
  • 1,600 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Advance America - 1,411 SF - -
Aerospace Precision Cleaning - 5,000 SF - -
Coldwell Banker Realty - 1,580 SF - -
Leak Tight Analysis - 2,500 SF - -
That Pet Stuff Place - 1,600 SF - -

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 2,500-10,000 SF
  • Light Industrial
  • Shell Space
  • Now

¨ 2,500 sf Available ¨ Current build-out includes 500 sf of showroom and office ¨ 12 foot roll-up door ¨ Some outside storage available ¨ $1,395 per month plus utilities

  • 1st Floor
  • 1,580 SF
  • Office
  • Partial Build-Out
  • 30 Days
Space Size Space Use Condition Available
1st Floor 2,500-10,000 SF Light Industrial Shell Space Now
1st Floor 1,580 SF Office Partial Build-Out 30 Days

1st Floor

Size
2,500-10,000 SF
Space Use
Light Industrial
Condition
Shell Space
Available
Now

1st Floor

Size
1,580 SF
Space Use
Office
Condition
Partial Build-Out
Available
30 Days

1st Floor

Size 2,500-10,000 SF
Space Use Light Industrial
Condition Shell Space
Available Now

¨ 2,500 sf Available ¨ Current build-out includes 500 sf of showroom and office ¨ 12 foot roll-up door ¨ Some outside storage available ¨ $1,395 per month plus utilities

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
027-00-01-00-D000-00
Land Assessment
£70,421
Improvements Assessment
£962,179
Total Assessment
£1,032,599

zoning

Zoning Code GB
GB
  • Listing ID: 17102206

  • Date on Market: 04/09/2019

  • Last Updated:

  • Address: 6301 Lankford Hwy, New Church, VA 23415

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