95 Peyton St Barboursville, WV 25504
- Flex space
- 12,119 SF
- 2.75 lot acres
Current Use by Public Records
- United States Coast Guard / Post Office
Property Details for 95 Peyton St
- Year built
- 2006
- Lot size
- 2.75 lot acres
- Property size
- 12,119 SF
- Property type
- Flex space
Description
This exceptional investment opportunity presents a 12,119 square foot flex space property located at 95 Peyton St, Barboursville, WV 25504. The property, built in 2006 and renovated in 2023, sits on a 2.75-acre lot and boasts 68 parking spaces. Currently 100% occupied by a credit-rated single tenant under a modified lease with 1.2 years remaining on a 10-year term (commencing January 19, 2016, and expiring January 15, 2026), this Class B building offers significant stability. The Net Operating Income (NOI) has consistently grown year-over-year from 2019 to 2023, ranging from $244,589 to $254,984, with a current NOI of $254,984 and a pro-forma NOI of $257,661. The asking price is $3,500,000, representing a 7.25% cap rate (matching the pro-forma cap rate). The property benefits from its location off a major highway in a thriving commercial area. This stabilized investment offers a compelling return with a strong, long-term tenant and a proven track record of consistent income generation. The property features one building, one story, and is owned by Q6 Office I LLC. The sale is offered directly by the owner.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Barboursville
- County
- Cabell
- State
- West Virginia
- Longitude
- -82.3151007
- Latitude
- 38.4094601