Single Tenant Industrial Investment Opportunity
3405 Commerce Road Richmond Virginia 23234
$5,100,000
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.
ABOUT RICHMOND’S THRIVING INDUSTRIAL CORRIDOR
Richmond, the capital city of Virginia, is a vibrant hub of history, culture, and economic activity. Steeped in rich history, Richmond offers a unique blend of the past and present, with its cobblestone streets, historic landmarks, and modern skyscrapers. The city is renowned for its thriving arts scene, diverse culinary offerings, and a variety of entertainment options, making it an attractive destination for both residents and visitors. Additionally, Richmond’s strategic location along the James River and its proximity to major highways and rail lines make it a key logistical and transportation center.
Economically, Richmond boasts a robust and diverse economy, with significant contributions from sectors such as finance, healthcare, law, and government. The city is home to several Fortune 500 companies and offers a favorable business environment with a strong emphasis on innovation and growth. Richmond’s dynamic business landscape is complemented by its top-tier educational institutions, which provide a steady stream of talent and foster a culture of research and development. With its blend of historic charm, modern amenities, and economic vitality, Richmond is an ideal location for commercial real estate investment. The surrounding area of 3405 Commerce Road is characterized by a mix of established enterprises and new developments, creating a dynamic business environment. Nearby amenities, such as dining options, retail centers, and service providers, enhance the property’s appeal to both employees and clients. Additionally, Richmond International Airport is just a short drive away, offering further convenience for national and international business operations. Investing in 3405 Commerce Rd means joining a vibrant commercial community that benefits from Richmond’s continued growth and strategic importance in the region.
Ken Campbell is a commercial real estate veteran who brings over twenty years of transaction experience to his role as a broker at One South Commercial. Ken is highly experienced in transactions across North America. His expertise spans the commercial real estate spectrum with most of this work occurring in the office and industrial sectors.
Ken has represented both tenants and landlords across the country since he transitioned from in-house corporate real estate to brokerage over six years ago. He worked with a wide range of clients from individuals for Fortune 500 companies. Ken’s experience and knowledge provides his clients with a tremendous advantage in real estate transactions and make him a trusted and dependable partner.
Tom Rosman has been brokering investment real estate since the early 1990’s in the Richmond, VA, metro area. He has brought hundreds of transactions to a successful conclusion, including large apartment complexes, apartment buildings in historic neighborhoods, office buildings, retail properties, mixed use buildings, and numerous historic adaptive reuse properties.
Tom was one of the first brokers to recognize the transformative changes occurring in many of Richmond’s most architecturally significant but ignored neighborhoods. Having helped place many of the warehouses and other commercial structures in the hands of Richmond’s development community, Tom’s belief in what a property should be was never compromised by the condition it was in.
DISCLAIMER: This offering memorandum is intended as a reference for prospective purchasers in the evaluation of the property and its suitability for investment. Neither One South Commercial nor Seller make any representations or warranties with respect to the accuracy or completeness of the materials contained in the offering memorandum. Prospective purchasers should evaluate the property independently and rely solely on such independent evaluation in determining whether to purchase the property. The offering memorandum, pricing, and terms therein are subject to change or withdrawal at the discretion of Seller and One South Commercial, as Seller’s exclusive representative. *Information provided deemed reliable but not guaranteed
