Technical
Financial
Distress signals
Property profile

0 Northgate Commerce Pkwy Suffolk, VA 23435

OFF-MARKET
Refrigerated & Cold Storage
239,765 SF 20 ac lot Built 2023
Saved · see the list in your Dashboard

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

Location

Northgate Commerce Pkwy Suffolk, VA 23435
Suffolk metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Northgate Commerce Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message