Virginia Industrial Plastics Sale-Leaseback

84,312 SF | Industrial Building | Elkton, VA 22827 | $3,111,111 ($37/SF) | 9% Cap Rate

Asking Price $3,111,111

Property Type: Industrial
Price / Square Foot: $37

Listing Contacts

William Brooks

Verified Profile

Property Info

Property Overview

-New 25-Year Absolute NNN Sale-Leaseback w/ Annual Increases
-Mission-Critical Manufacturing Site for 40+ Year Business
-Strategic Distribution Location - Access to I-81
-5mi from MillerCoors Bottling Plant (512,000 sq. ft.) and massive Merck Pharmaceuticals manufacturing facility
The tenant has been in business for over 40 years and specializes in plastic thermoforming, a process in which you take plastic, heat it, then mold and trim it to fit customer specifications. The company has a wide range of customers, and mostly notably provides plastic roof & fender parts to Club Car, the top golf cart manufacturer in the world.
Exclusively Listed By:
William Brooks | Associate Director | [email protected] | O: 917.451.1256 | C: 404.695.3513
Camille Renshaw | CEO & Co-Founder | 646.770.0659 | [email protected]
In Association With:
Kristen Zimmerman | VA License #: 0226031398

Property Details

Class: B
Year Built/Renovated: 1962/1980
Stories: 1
Property Subtype: Distribution, Manufacturing
Lot Size (sq. ft): 369,389 SF

Highlights

NEW 25-YEAR SALE-LEASEBACK | ABSOLUTE NNN | 2.50% ANNUAL ESCALATIONS
VIRGINIA INDUSTRIAL PLASTICS | LEADING CUSTOM PLASTICS COMPANY
MISSION CRITICAL LOCATION | RECENT INVESTMENT
PROXIMITY TO I-81 | ± 58,000 VPD | POPULAR INDUSTRIAL THOROUGHFARE
STRATEGIC DISTRIBUTION LOCATION | 117 MI TO D.C.
BELOW REPLACEMENT COST

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