1201 Five Springs Road

Industrial for Sale
Catylist Listing ID: 30765775
Property Subtypes: Flex Space, Industrial-Business Park, Manufacturing, Light Industrial, Office Showroom
Building Size (RSF): 17,040 SF
Gross Land Area: 1.73 Acres
Sale Price: $2,800,000
Unit Price: $164.32 PSF
Ceiling: 23 ft. Clear
Docks/Doors: 3 Doors
Drive In Bays: 3 Bays
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Building Name: CMI Building Mill Creek Industrial Park
Usable Size (USF): 17,040 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/23/2021

Overview / Comments

This building is currently leased for $17900 per month with the Landlord paying Real Estate Taxes, grounds maintenance, and major maintenance. The lease expires at the end of Dec. the tenant has expressed interest in remaining call the brokers for further information. This is a rare find in the Charlottesville market conditioned warehouse space with supporting office space. County Water and Sewer 24 to 25 foot tall ceilings with two 10 foot drive in doors and one 16 foot drive in door.

Additional Details

Nearest MSA: Charlottesville
County: Charlottesville City
Taxing Authority: Albemarle County VA
Tax ID/APN: 076M1-00-00-02300
Zoning: PUD
Property Located Between: Off of Avon St
Highway Access: Avon St turn right onto Southern Parkway then right onto Five Springs Road
Airports: CHO
Site Description: Mill Creek Industrial Park. Site is improved with an insulated block building with three separate pods the foot print of each pod is 4,800 sq. ft. The first pod has space on the upper floor.
Area Description: Mixed use with warehouse, Medical, Educational, close proximity to downtown business district has city water and sewer. Property was built in 2006.
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Good
Year Built: 2006
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Insulated Block
Parking Type: Surface
Parking Description: Surface parking in the front and rear of the building
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Other
Interior Description: The building is three connected sections each has a foot print of 4,800 square feet. The third sections has _______ sq. ft. of office space and ____ sq. ft. of warehouse including the mezzanine. The entire building is conditioned space.
Zoning Description: PUD
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: MO MONEY LLC
Legal Description: 1.73 acres as shown on Albemarle County Tax Map as parcel 076M1-00-00-0230 and more commonly known as 1201 Five Springs Road in Albemarle County, VA

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,990 53,906 83,046
Median Age: 34.65 30.37 33.3
Households: 2,481 20,326 32,815
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