3941 Deep Rock Rd Henrico, VA 23233-1474

Property Details for 3941 Deep Rock Rd

Year built

1987

Lot size

2.84 lot acres

Property size

23,669 SF

Zone code

M-1C

Property type

Industrial properties

APN

751-758-4898

APU

7517584898

Description

This exceptional 23,669 square foot industrial property in Richmond, VA, presents a compelling investment opportunity. Located at 3941 Deep Rock Road, this multi-tenant building boasts 100% occupancy with a strong corporate guarantee from National Seating & Mobility, a healthcare industry leader with over $750 million in annual revenue and over 200 North American locations. National Seating & Mobility occupies 80% of the space and has recently expanded, demonstrating a long-term commitment. The second tenant, Taylor & Parrish Construction, also enjoys a long-term lease. Both tenants have been in place for over five years and recently renewed their leases, ensuring stable income. The property benefits from a 2.5% annual rent increase from both tenants, providing a secure and growing return on investment. Built in 1987, this infill asset sits on a 2.84-acre lot and offers excellent access, situated between I-64 and Hwy 250 with two convenient entry points off Deep Rock Road. The property's strong demographics, with a population exceeding 200,000 and average household income over $148,000 within a 5-mile radius, further enhance its value. The current Net Operating Income (NOI) is $281,916, yielding a 6.29% cap rate, and the asking price is $4,483,000 ($189.40/sq ft). This is a rare opportunity to acquire a well-located, diversified, and high-performing industrial property with a strong tenant base and significant growth potential.

Location Insight

City

Henrico

County

Henrico

State

Virginia

Longitude

-77.5725

Latitude

37.6431

CBSA code

40060

CBSA name

RICHMOND, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments