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56,332± Sq. Ft. Leased Industrial Building

For Sale: 3.3 Acres Priced At $1,500,000 (USD)
Greenbrier County, White Sulfer Springs, Virginia, United States
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This 56,332± sq. ft. building has 6,000± sq. ft. in offices and the remainder in warehouse. The entire building was renovated in 2006 with new roof, HVAC and offices. Approximately $94,000 was spent in 2016 and 2017 for Caterpillar standby generator, HVAC system for server room, passcard secure interior doors, automated gate and security camera system. The annual net income is ± $170,000 per year. The tenants use of property is storage, scanning and microfilming medical records. Lease expires November 30, 2021.

Prime investment property with over a 10% rate of return per year on investment.

Total Acreage: 3.31± Acres
Road Frontage: 540 ft.
Gross Lot Sq. Ft.: 144,184
Onsite Parking: Yes (80± Spaces)

Gross Building Sq. Ft.: 56,332
Office Sq. Ft.: 6,000
Warehouse Sq. Ft.: 50,332

Leased Investment Property:
Income: $15,913.56 per month, $190,962 per year gross income
Annual Expenses:
Real Estate Taxes $6,650
General Liability Insurance: $7,750
Flood Insurance: $1,335 Note: The building has never flooded, including in the 2016 flood, which was a 1,000 year flood.
Maintenance / Repairs: $5,227
Net Operating Income: $170,000

Leasable Sq. Ft.: 56,332
Number of Stories: 1
Basement: No
Legal Description: Greenbrier Co., WV DB 503, pg 292

Tax ID: 17120047

Zoning: B3 (Business Industrial)

Construction: Brick
Ceiling Height: ±12 to 20 ft. (varied)
Roof System: Rubber membrane
Dry Fire Sprinkler System

Heating: Gas Heat
Cooling: Electric (Office and Server Room Areas)

Shown by appointment.


For more information visit:
www.woltz.com/real-estate-listings/p1712/

Land Uses & Features
Commercial Real Estate

Property Location
Address: 362 Mountain Avenue
City/Town: White Sulfer Springs
County: Greenbrier
Zip/Postal Code: 24986
State / Province:   Virginia
Country: United States
   
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Owner / Agent / Sellers Information

Name: Boyd Temple
Company: Woltz & Associates, Inc.
Address: 23 Franklin Road
Roanoke, Virginia
VA, United States
Business Phone: 800-551-3588
Website: woltz.com


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LSL Listing ID: 42375
































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