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 tenant’s CLEAN use of property is storage and managing medical records. Lease expires November 30, 2021.

    Prime investment property with  a 11.33% 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.

    362 Mountain Ave., White Sulphur Springs, West Virginia 24986


    Asking Price

    $1,500,000 - 11.33% Cap Rate

    Agent: Boyd Temple, REALTOR (540) 797-3646 (mobile)