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Genesis Products Sale Leaseback 3045 Philpott Rd 105,000 SF Industrial Building South Boston, VA 24592 $9,807,350 CAD ($93.40 CAD/SF) 8.25% Cap Rate
Executive Summary
Absolute NNN Lease with ZERO Landlord responsibilities. Genesis Products Inc will sign a 10 year lease at closing. Genesis operates 14 plants across 5 states and employess 1000+ people. Please see the Offering Memorandum for complete details. This building can also be purchased with a second building located at 3754 Highway 32 North in Hope, Arkansas. Contact listing Broker for details.
Property Facts
| Price | $9,807,350 CAD | Rentable Building Area | 105,000 SF |
| Price Per SF | $93.40 CAD | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built/Renovated | 1993/2020 |
| Cap Rate | 8.25% | Tenancy | Single |
| Sale Condition | Sale Leaseback | Parking Ratio | 0.7/1,000 SF |
| Property Type | Industrial | No. Dock-High Doors/Loading | 5 |
| Building Class | C | No. Drive In / Grade-Level Doors | 5 |
| Lot Size | 16.39 AC | ||
| Zoning | M-2 - M-2 | ||
| Price | $9,807,350 CAD |
| Price Per SF | $93.40 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 8.25% |
| Sale Condition | Sale Leaseback |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 16.39 AC |
| Rentable Building Area | 105,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1993/2020 |
| Tenancy | Single |
| Parking Ratio | 0.7/1,000 SF |
| No. Dock-High Doors/Loading | 5 |
| No. Drive In / Grade-Level Doors | 5 |
| Zoning | M-2 - M-2 |
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Genesis Products Inc.
- Manufacturing
- 105,000 SF
- $7.71 CAD
- Triple Net
- Jul 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Genesis Products Inc. | Manufacturing | 105,000 SF | $7.71 CAD | Triple Net | Jul 2036 |
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Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 27575 | Improvements Assessment | $4,591,049 CAD |
| Land Assessment | $730,864 CAD | Total Assessment | $5,321,913 CAD |
Property Taxes
Parcel Number
27575
Land Assessment
$730,864 CAD
Improvements Assessment
$4,591,049 CAD
Total Assessment
$5,321,913 CAD
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Genesis Products Sale Leaseback | 3045 Philpott Rd
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