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Investment Highlights

  • National Seating & Mobility is a leader in the healthcare industry with over 200 locations across North America and occupies 80% of the property.
  • This deal provides a 2.5% annual increase in rent from both tenants.
  • Located directly between I-64 and Highway 250, this site also provides two entry points off Deep Rock Road, offering drivers easy and efficient.
  • Both tenants have been at the site for over 5 years and have recently extended their leases. National Seating & Mobility has also recently expanded.
  • Rare opportunity to acquire an infill industrial asset in the Henrico-Richmond submarket.
  • This property is currently occupied by two tenants, offering diversification compared to a purely single-tenant asset.

Executive Summary

Sands Investment Group is pleased to exclusively offer for sale the flex industrial asset leased to National Seating and Mobility Inc. & Taylor and Parrish Construction. This is a rare opportunity to acquire a flex industrial and office asset located in the core Henrico market of Richmond.
In Cooperation With Sands Investment Group, Inc - Lic. ##0226037527 BoR: Tom Gorman - Lic. VA #0225269275

Property Facts

Price $5,204,898 CAD
Price Per SF $231.87 CAD
Sale Type Investment
Cap Rate 7.41%
Property Type Flex
Property Subtype
Flex Research & Development
  • General Retail Storefront
Building Class B
Lot Size 2.84 AC
Rentable Building Area 22,447 SF
No. Stories 1
Year Built 1987
Parking Ratio 2.67/1,000 SF
Clear Ceiling Height 21’
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 2

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • National Seating & Mobility
  • Retailer
  • 18,012 SF
  • $821.83 CAD
  • Triple Net
  • Feb 2030
  • Taylor and Parrish Inc.
  • Retailer
  • 4,435 SF
  • $821.83 CAD
  • Modified Gross
  • Oct 2027
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
National Seating & Mobility Retailer 18,012 SF $821.83 CAD Triple Net Feb 2030
Taylor and Parrish Inc. Retailer 4,435 SF $821.83 CAD Modified Gross Oct 2027
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
751-758-4898
Land Assessment
$804,020 CAD
Improvements Assessment
$2,690,521 CAD
Total Assessment
$3,494,541 CAD
  • Listing ID: 40275104

  • Date on Market: 2026-04-24

  • Last Updated:

  • Address: 3941 Deep Rock Rd, Richmond, VA 23233

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