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115 Brand Ave 550,000 SF 100% Leased Industrial Building Salem, VA 24153 $28,169,601 CAD ($51.22 CAD/SF)



Executive Summary
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $28,169,601 CAD | No. Stories | 1 |
| Price Per SF | $51.22 CAD | Year Built/Renovated | 1957/1991 |
| Sale Type | Investment | Parking Ratio | 0.48/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 26’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 37 |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 25.00 AC | Opportunity Zone |
Yes
|
| Rentable Building Area | 550,000 SF | ||
| Zoning | M1 - Commercial | ||
| Price | $28,169,601 CAD |
| Price Per SF | $51.22 CAD |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 25.00 AC |
| Rentable Building Area | 550,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1957/1991 |
| Parking Ratio | 0.48/1,000 SF |
| Clear Ceiling Height | 26’ |
| No. Dock-High Doors/Loading | 37 |
| No. Drive In / Grade-Level Doors | 3 |
| Opportunity Zone |
Yes |
| Zoning | M1 - Commercial |
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
Revlon began in 1932, when brothers Charles and Joseph Revson and chemist Charles Lachman founded the business around a pigment-based nail enamel. The company has grown into a global beauty business with a portfolio of branded products across color cosmetics, skin care, perfume, personal care, hair care, hair color, and beauty tools. Revlon has built a long-standing position in consumer beauty through products sold across major retail channels and an assortment that includes makeup and nail products, along with hair color and related accessories. The company remains focused on beauty products that span everyday use and trend-driven categories.
Patterson Pope began in 1972 as Patterson Business Systems, focusing on helping North Carolina organizations manage paper storage. After merging with J.E. Pope Company in 2004, they became Patterson Pope and expanded their operations. The company provides storage products like shelving, lockers, and modular casework for industries including healthcare, education, and government. Their solutions aim to optimize space and improve efficiency in managing physical materials. Over five decades, Patterson Pope has grown into a major provider of commercial storage systems across the Southeastern United States.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
Transportation and Warehousing | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $12,532,094 CAD | |
| Land Assessment | $2,270,663 CAD | Total Assessment | $14,802,757 CAD |
Property Taxes
Presented by
L & M Properties, LLC
115 Brand Ave
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