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Listing IDVAPW2005726
Price$18,000,000
SqFt
10,200
Acres
7.550
StatusACTIVE
CountyPrince William
Year Built1999
Property TypeCommercial Sale
Property Sub TypeIndustrial
Industrial Investment Properties for sale with NOI of $833,048.28 and Cap Rate of 4.63%.
Those in the know, know that investing in heavy industrial real estate is a stable, long term investment and this one hits it out of the park, as in Broad Run Industrial Park.
Comprised of two industrial buildings, Broad Run Industrial Park is currently leased in a five year commitment with options up to a 20 year lease to Brothers Paving and Concrete, a wholly owned subsidiary of Trivest Partners LP, a private investment firm that focuses on the support and growth of founder-led and family-owned businesses in the United States and Canada in both control and non-control transactions. Since its founding in 1981, Trivest has completed more than 350 transactions, totaling approximately $7 billion in value with offices in Miami, Los Angeles, Philadelphia, Chicago and Toronto.
Founded in 1985, Brothers Paving & Concrete, is an end-to-end service provider of asphalt, concrete, striping and all related essential parking lot services and roadway maintenance including real estate (HOA & property management groups), retail and regional utilities. Brothers Paving & Concrete serves over 200 customers throughout the Southeast and Mid-Atlantic regions.
9469 Hawkins Drive: This three acre lot is zoned M1 (Heavy Industrial in Prince William County) with two buildings on site. The administrative office building is comprised of 6,200 SF of office space with 30 parking spaces. The warehouse has 4,000 SF (3,000 SF of warehouse and 1,000 SF of office). There is an abundance of parking and outside storage. GPIN #: 7595-67-3583.
9320 Industrial Ct: This 4.55 acre lot is currently an industrial storage yard lot zoned M/T (Industrial Transport in Prince William County.) The storage yard has been recently leveled, fenced and graveled. All utilities are on site. GPIN #: 7595-59-2712.
County
Prince William
Price/SqFt
1764.71
Property Sub Type
Industrial
Property Type
Commercial Sale
Year Built
1999
Zoning
M1 & MT
Building Total SqFt Source
Estimated
Central Air
no
Cooling Type
Other
Heating
yes
Heating Type
Other
Car Parking Spaces
38
Construction Materials
Brick
Cooling Fuel
Other
Fencing
Y
Heating Fuel
Other
Hot Water
Other
Lot Size Source
Estimated
Lot Size Units
Square Feet
New Construction
no
Sewer Septic
Public Sewer
Tidal Water
no
Total Drive In Doors
4
Total Garage and Parking Spaces
52
Truck/Trailer Parking Spaces
14
Type of Parking
Parking Lot
Water Access
no
Water Oriented
no
Water Source
Public
Water View
no
Country
US
In City Limits
no
Waterfront
no
Zoning Description
Heavy Industrial and Industrial/Transportation
Accessibility Features
Other
Business Type
Manufacturing, Warehouse, Professional
Days on Market
920
Land Use Code
049
Potential Tenancy
Single
Property Use
Investment
Year Assessed
2023
Year Built Source
Assessor
Automatically Update Tax Values
no
Cap Rate
4.63
Net Operating Income
833048.28
Net SqFt
10200
Ownership Interest
Fee Simple
Possession
Settlement
Riparian Rights
no
Sale Type
Standard
Tax Annual Amount
72928
Tax Assessed Value
6468100
Tax Data Updated
no
Tax Year
2023
Total Actual Rent
833048.28
Vacation Rental
no
Listing courtesy of Wright Realty, Inc. 7032822372
© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Wright Realty, Inc.. Data last updated on Thursday, March 28th, 2024 10:18:39 AM.
© 2024 Bright MLS. All rights reserved. Information Deemed Reliable, but Not Guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Listing courtesy of Wright Realty, Inc.. Data last updated on Thursday, March 28th, 2024 10:18:39 AM.
Contact - Listing ID VAPW2005726
John Luca
88 Lantana Dr.
Hockessin, DE 19707
Phone: 3029996966
Phone Alt: 3027405872
Data services provided by IDX Broker