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Rowe Furniture 239 Rowan St 287,031 SF 100% Leased Industrial Building Salem, VA 24153 $12,075,950 CAD ($42.07 CAD/SF)
Executive Summary
Multi-Tenant. Large Industrial Building - 278,031+/- SF + two metal buildings. Gross Income $792,264.
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$1,125,569
|
$3.92
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,125,569
|
$3.92
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$213,105
|
$0.74
|
| Net Operating Income |
$912,464
|
$3.18
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,125,569 |
| Annual Per SF | $3.92 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,125,569 |
| Annual Per SF | $3.92 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $213,105 |
| Annual Per SF | $0.74 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $912,464 |
| Annual Per SF | $3.18 |
Property Facts
| Price | $12,075,950 CAD | Rentable Building Area | 287,031 SF |
| Price Per SF | $42.07 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1946 |
| Property Type | Industrial | Clear Ceiling Height | 16’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 17 |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 8.53 AC | ||
| Zoning | HM | ||
| Price | $12,075,950 CAD |
| Price Per SF | $42.07 CAD |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 8.53 AC |
| Rentable Building Area | 287,031 SF |
| No. Stories | 1 |
| Year Built | 1946 |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 17 |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | HM |
Utilities
- Lighting
- Gas
- Water
- Sewer
1 1
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 218-1-1.1 | Improvements Assessment | $0 CAD |
| Land Assessment | $3,973 CAD | Total Assessment | $3,973 CAD |
Property Taxes
Parcel Number
218-1-1.1
Land Assessment
$3,973 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,973 CAD
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L & M Properties, LLC
Rowe Furniture | 239 Rowan St
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