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    271 Benton Rd Suffolk, VA 23434

    Sponsored
    For Lease
    Contact for pricing

    New 900,000 SF Distribution Center

    Lot size:
    900,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional new construction distribution center, totaling 900,000 square feet, offers flexible space options ranging from 350,000 to 450,000 contiguous square feet. The entire facility is currently vacant and boasts a 36-foot clear height, ESFR sprinklers, and energy-efficient LED lighting. Strategically located on a 72-acre site with M-2 (Heavy Industrial) zoning, it provides unparalleled access to major arterial highways, including convenient proximity to the Route 58 Bypass (half a mile away) and just one traffic signal from the Virginia International Gateway (VIG). The property features up to 178 dock-high doors and 6 grade-level doors, ensuring efficient loading and unloading operations. Ample parking is available with approximately 500 automobile parking spaces. This state-of-the-art facility is ideally situated to serve as a crucial distribution hub, benefiting from its proximity to the Port of Virginia, Foreign Trade Zone (FTZ) eligibility, and Ice Coffee Futures eligibility. Estimated delivery is Q3/Q4 2022.

    Property Features for 271 Benton Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    900,000 SF

    Unit(s) available at that property

    Space
    Suite Phase 2
    Size
    350,000 SF
    Space
    Suite Phase 1
    Size
    450,000 SF

    HighLights

    • New 450,000 SF Class A cross‑dock distribution facility, estimated Q3/Q4 2022 delivery.
    • 36' clear height ceilings, ESFR sprinklers, and LED lighting.
    • Closest speculative cross‑dock distribution center to the Port of Virginia.
    • Up to 178 dock‑high doors, 6 grade‑level doors, and 500+ car parking spaces.
    • 72‑acre site with M‑2 (Heavy Industrial) zoning.
    • Excellent highway access via Route 58 Bypass (0.5 miles); one traffic signal to the Virginia International Gateway (VIG).
    Property Profile Location Intelligence

    Current Use by Public Records

    Cubework Coworking Space UNIS Logistics Service

    Suggested Use

    Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Suffolk
    County
    Suffolk
    State
    Virginia
    Longitude
    -76.603168
    Latitude
    36.7124239

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    FAQs

    What type of property is this?
    Distribution property - New 900,000 SF Distribution Center
    Where is this distribution property located?
    The property is located at 271 Benton Rd Suffolk, VA.
    What are key features of this property?
    This property features: New 450,000 SF Class A cross-dock distribution facility, estimated Q3/Q4 2022 delivery.; 36' clear height ceilings, ESFR sprinklers, and LED lighting.; Closest speculative cross-dock distribution center to the Port of Virginia.
    Request Owner's contact information
    271 Benton Rd Suffolk, VA 23434
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    Suffolk, VA 23434
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    271 Benton Rd Suffolk, VA 23434
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