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

Port 801

Port 801_Property for Sale

Attributes

Building area net
238,448 sf
Occupancy
100%
WAULT
7.7 years
Year built
2022
Land area gross
16.97 acres
Clear height
32 ft
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
Dec 13, 2024