Property profile

271 Benton Rd Suffolk, VA 23434

OFF-MARKET
Industrial properties
900,000 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Industrial properties
Total area 900,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Coworking & Hybrid Office
  • Logistics Company Freight Service

Location

271 Benton Rd Suffolk, VA 23434
Suffolk metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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
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