Wv-72 Hendricks, WV 26271

Property Details for 0 Wv-72

Year built

1960

Lot size

53.00 lot acres

Property size

90,000 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional value-add industrial investment opportunity presents a 90,000-square-foot warehouse situated on a 53-acre lot in Hendricks, West Virginia. Priced at $3,100,000, this single-tenant property boasts a strong net operating income (NOI) of $270,000, translating to an attractive 8.71% cap rate. The building, constructed in 1960, is in fair condition and features improvements tailored to heavy industrial use, including a full sprinkler system with an on-site tank. A significant advantage is the inclusion of 10 acres of dedicated outside storage/laydown yard, crucial for tenant operations. The property's strategic location in Hendricks provides easy access to West Virginia sawmills and other value-added woodworking plants, leveraging local byproducts for manufacturing. Furthermore, its proximity to WV Route 33, Interstate 79, and the forthcoming Corridor H ensures efficient distribution networks in all directions. The lease is a triple-net (NNN) agreement, eliminating landlord responsibilities. The property offers a 2.5% annual escalation clause, providing further investment security. This warehouse presents a compelling investment prospect for those seeking to capitalize on the robust industrial market in this strategically located area of West Virginia.

Location Insight

City

Hendricks

County

Tucker

State

West Virginia

Longitude

-79.5954

Latitude

39.038