LL Flooring_Property for Sale
LL Flooring_Property for Sale
6115 Engineered Wood Way, Sandston, VA, 23150-5034, US

LL Flooring

Asset description

On behalf of LL Flooring® (NYSE: LL), Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sales representative for LL Flooring Richmond (NYSE: LL), a Class A+ 995,792 square foot distribution facility located at 6115 Engineered Wood Way in Sandston, Virginia (“the Property”).


Built specific to LL Flooring’s® requirements, the facility serves as its East Coast distribution hub, servicing 265 stores and moving 2 million units in and out of the facility each day. LL Flooring® receives the majority of international inbound shipments via the Port of Richmond from Norfolk, making its location highly efficient for import/export and distribution operations.


The Property also sits within the heart of the 2,270-acre White Oak Technology Park, one of the largest data center nodes in the country. The Park is home to over 1,300 acres of data center development with owners such as Meta (NASDAQ: META),, Bank of America (NYSE: BAC), and Blackstone-backed QTS. Featuring renewable energy investment, an abundance of fiber, and access to multiple subsea, trans-Atlantic fiber lines, the area is primed for further data center investment.


Industrial occupiers and institutional owners will see a distinct operational advantage given the asset’s strategic location being just outside of Richmond, only minutes away from major interstate thoroughfares I-64 and I-295, providing both North-South and East-West access. LL Flooring® is also less than 1 hour and 20 minutes from the Port of Virginia, the deepest port on the East Coast.

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Attributes

Building area gross
92,511 sm
Occupancy
100%
Year built
2014

Media

Investment highlights

  • Major Distribution Center - 995,792 SF Facility Situated on 97.55 Acres, Servicing 265 LL Flooring® Retail Stores in the Eastern United States and Processing 2 Million Units per Day


  • Data Center Development Potential - The Site is Adjacent to 1,300+ Acres of Data Center Development in the White Oak Technology Park Boasting Owners such as Meta, Blackstone-Backed Quality Technology Services (QTS).


  • Limited Newly-Built Bulk Availability - Only 7 Properties in the Richmond MSA Above 750,000 Square-Feet, and All are 100% Occupied


  • Multi-Modal Accessibility - 18 minutes from the Richmond International Airport (RIC), 28 Minutes from the Richmond Marine Terminal (RMT) and 1 Hour and 25 Minutes from the Port of Virginia, the Deepest Port on the East Coast


  • Strong Market Fundamentals - 3.6% Vacancy Rate, 20% Market Rent Growth Last 24 Months


LL Flooring 4_Property for Sale
LL Flooring 4_Property for Sale

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Last updated
May 16, 2024