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Property profile & analytics
OFF-MARKET
Refrigerated & Cold Storage

0 Northgate Commerce Pkwy Suffolk, VA 23435

239,765 SF 20 ac lot Built 2023
Property ID
Property summary
AI-generated overview

This exceptional Class A, 239,765-square-foot refrigerated/cold storage facility offers flexible space options, ranging from 100,000 to 239,765 contiguous square feet. Located on 20 acres in Northgate Commerce Park, adjacent to a major Amazon fulfillment center, this strategically positioned property boasts unparalleled access to major interstates (I-164, I-664, I-64, I-264, US-58, and US-460), providing seamless connectivity to the Port of Virginia. The building features 38 dock-high doors and one drive-in door, supported by ample trailer (47 spaces, with potential for expansion) and employee parking (52 spaces). The 50-foot ceiling height and column spacing of 56' x 50' with a 60' speed bay maximize efficiency. Built in 2023, this state-of-the-art facility includes LED lighting, an ESFR dry TYCO Quell fire suppression system, and is designed for approximately 29,000 pallet positions. The facility is convertible for freezer (-10°F to +55°F) and cooler (+35°F) applications, and includes a full dock door package with pits, levelers, mechanical doors, and 360° dock seals. M-2 (Heavy Industrial) zoning and Foreign Trade Zone eligibility further enhance its appeal. This institutionally owned property offers a rare opportunity to secure prime cold storage space in a high-demand location.

Property profile
Verified
Property type Refrigerated & Cold Storage
Year built 2023
Total area 239,765 SF
Lot 20 ac (871,200 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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