For Sale, Net Leased $4,150,000.00 - Industrial, Investment Property
|Sale or Rent Price||4150000|
|Building/Unit size SF||73,421|
|Land Size AC||7.44|
|Property Type||Net Leased Investment|
|No Of Stories||2|
The Seller through it’s exclusive sales adviser Coldwell Banker Commercial Elite is please to offer this 73,421 SF Industrial/Office Building on 7.44 acres for sale. The property is located in Central Corridor Industrial Park a well established industrial/business park just off of Route 1/Jefferson Davis Hwy in Spotsylvania County Virginia.
The property is situated just 3 miles from I-95 providing convenient access to the east coast’s major interstate and transportation infrastructure.
This property offers a owner/occupant or investment opportunity with a strong income stream from an existing lease. The building is being offered with a solid NN lease/tenant in place PAE Systems which currently occupies 43,348 SF (59%) with a remainder of 8+ years of initial lease term (Lease expires 12/31/24).
PAE Systems (A-T Solutions) leased the space in 2014 moving from their operations from a former location in the Fredericksburg Region. Upon lease execution PAE made sizable capital improvements including a full upgrade of the office space within the premises.