Map pin801 Port Walthall Dr, South Chesterfield, VA, 23834-5939, US

Port 801

Port 801_Property for Sale

Attributes

Building area net
22,153 m²
Occupancy
100%
WAULT
7.7 years
Year built
2022
Land area gross
6.87 ha
Clear height
9.75 m
Tenants
UPS and PECO Pallet

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sales representative for Port 801 (the “Property”) – a 239,448 square foot trophy-quality logistics facility situated in close proximity to the I-95 economic super corridor in the Richmond, Virginia MSA. The 100% leased, Class A+ multi-tenant asset presents investors the opportunity to acquire a premium core logistics facility with existing investment-grade cash flow. Furthermore, Port 801 features robust future yield expansion via 3.2% annual escalations and an attractive 13% mark-to-market opportunity.


The Property’s prime location grants immediate access to the I-95 logistics corridor and direct connectivity to the Richmond region’s major distribution arteries. This strategic location enables efficient delivery to the entire Eastern Seaboard and reaches a significant portion of the U.S. consumer market within a one (1)-day drive. Moreover, the Property boasts a multitude of coveted design characteristics, including 32’ clear heights, ESFR, fifty-six (56) 9’ x 10’ dock-high doors with thirty-five (35) doors containing 35,000-pound mechanical levelers and seals.


Located in a highly-sought after market and anchored by UPS (NYSE: UPS | S&P: A), the Property offers investors an opportunity to capture a trophy-grade asset with economically-resilient cash flow.

...

Investment Highlights

  • Institutional-Quality Asset with State-of-the-Art Features and Functionality
  • Attractive Going-In Basis Compared to Today's Replacement Cost
  • Stable Rent Roll Provides Long-Term Secure Cash Flow and Yield Opportunities
  • 100% Leased, Anchored by UPS (NYSE: UPS | S&P: A)
  • Fundamentally Robust Richmond Industrial Market Backed by a Concentrated, Highly-Educated Workforce
Port 801 4_Property for Sale
Port 801 4_Property for Sale
Port 801 (0 Properties)

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Last updated
7 Nov 2024