7711 Plantation Road Roanoke VA - 2024

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present this opportunity to acquire 7711 Plantation Road (the “Property”), a single-tenant office building totaling 443,181 RSF leased to Wells Fargo (the “Tenant,” or “Company”). Founded in 1852 and now Roanoke Valley’s largest employer, Wells Fargo (Fitch: A+) is a publicly-traded company headquartered in San Francisco, CA that provides financial services internationally to over 35 countries and serves over 70 million customers worldwide.

As a sign of its commitment to the Property, the Tenant recently executed an extension for an additional eight years of lease term to 2032. The Tenant has also committed $86M ($197 PSF) of capital to invest in their space. This facility serves as a mission-critical operations center, primarily concerning security, theft, and fraud. The facility runs 24 hours a day, seven days a week and is also utilized as a regional training center for the bank. The Property benefits from exceptional regional access with proximity to two large interstates (Interstate 581 & Interstate 81) that provide tenants access to downtown Roanoke (14 minutes) and the Roanoke-Blacksburg Regional Airport (10 minutes).

The Property provides investors with credit income at an attractive basis - a fraction of the Tenant’s capital commitment - and long-term upside potential via a range of redevelopment options in an evolving market. Along with 7711 Plantation Road’s steady in-place cash flow, the site presents a unique redevelopment opportunity as it sits on over 31 acres zoned for industrial and commercial use.