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ERIC ROBISON Senior Vice President
(804) 697 3475 [email protected]
CATHARINE SPANGLER Senior Associate (804) 344 7140
BASIL HALLBERG (804) 697 3560 Senior Analyst
INVESTMENT OFFERINGSCUSHMAN & WAKEFIELD | THALHIMER CAPITAL MARKETS GROUP
FOURTH QUARTER 2015
OFFICE / INDUSTRIAL / MULTIFAMILY / RETAIL / STNL
ARBORETUM IXRichmond, VA74,772 SF | One (1) building 77% Leased | 9 tenantsValue-add, Class A suburban office building with a strong, credit tenant rent roll and over six years left on average on in-place leases.
ON MARKET Contact: Eric Robison
ONE & TWO COMMERCIAL PLACENorfolk, VA620,000 SF | Two (2) buildings33% Leased | Multiple tenantsValue-add CBD office investment opportunity consisting of one office tower 33.3% leased to nine tenants and an adjoining completely vacant, nine-story building.UNDER CONTRACT Contact: Eric Robison
BANK OF AMERICA CENTERRichmond, VA508,000 SF | One (1) building70% Leased | 21 tenantsValue-add CBD office investment opportunity with strong credit rent roll and 6.9 years of average lease term on in-place tenants.
UNDER CONTRACT Contact: Eric Robison
OYSTER POINT OFFICE PORTFOLIONewport News, VA133,482 SF | Four (4) buildings83% Leased | Multiple tenantsCore-plus suburban office portfolio in the Peninsula area of Hampton Roads’ most successful office parks.
UNDER CONTRACT Contact: Eric Robison
PARHAM PLACERichmond, VA88,890 SF | Three (3) buildings100% leased | Single-tenantAttractive, contemporary single-tenant, headquarters office portfolio.
SOLD FOR $12,750,000 | JULY 2015 Contact: Eric Robison
OFFICE / INDUSTRIAL / MULTIFAMILY / RETAIL / STNL
WESTERRE I & IIRichmond, VA162,622 SF | Two (2) buildings93% leased | Multi-tenant26-tenant, core-plus, Class A suburban office portfolio in Richmond’s strongest office submarket.
SOLD FOR $22,000,000 | OCTOBER 2014 Contact: Eric Robison
RICHMOND SUBURBAN OFFICE PORTFOLIORichmond, VA359,162 SF | Eleven (11) buildings90% leased | Multi-tenantCore-plus, suburban office portfolio in the Innsbrook submarket.
SOLD FOR $40,700,000 | AUGUST 2014 Contact: Eric Robison
EAST SHORE I-IIIGlen Allen (Richmond), VA218,435 SF | Three (3) buildings96% leased | Multi-tenantClass A office portfolio in the Innsbrook submarket. Rent roll features credit and term. Attractive in-place financing.
SOLD FOR UNDISCLOSED AMOUNT | APRIL 2014 Contact: Eric Robison
OFFICE / INDUSTRIAL / MULTIFAMILY / RETAIL / STNL
COLORTREERichmond, VA142,993 SF | One (1) building100% STNLClass A industrial building in a strategically located park with 12+ year net lease to strong regional tenant with annual rent escalations.
ON MARKET Contact: Eric Robison
VILLA PARK IRichmond, VA74,862 SF | One (1) building100% Leased | Four-tenantOffice/flex property in one of Richmond’s most successful business parks
ON MARKET Contact: Eric Robison
RICHMOND DISTRIBUTION PORTFOLIORichmond, VA502,394 SF | Two (2) buildings92.4% Leased | Multi-tenantEnterchange at Northlake & Enterchange at Walthall is a 92.4% leased, Class A distribution facility strategically located along the I-95 corridor.
SOLD FOR $31,200,000 | OCTOBER 2014 Contact: Eric Robison
OFFICE / INDUSTRIAL / MULTIFAMILY / RETAIL / STNL
THE MARKET VILLASRichmond, VA31 Units | One, two and three bedroom units817 Avg. SF | $1,070 average in-place monthly rent | 92% occupiedHistoric rehab project completed in 2003 and fully renovated in 2011 in the heart of Richmond’s CBD.
ON MARKET Contact: Catharine Spangler
THE POYTHRESS BUILDINGRichmond, VA31 Units | One and two bedroom units673 Avg. SF | $800 average in-place monthly rent | 97% occupiedHistoric rehab opportunity located in Richmond’s Shockoe Bottom - Attractive assumable financing in-place.
UNDER CONTRACT Contact: Catharine Spangler
HUGUENOT APARTMENTSRichmond, VA296 units95% occupiedGarden-style apartment community built in 1976 with just 7.5% vacancy since 2010.
SOLD FOR $27,350,000 | MAY 2015
OFFICE / INDUSTRIAL / MULTIFAMILY / RETAIL / STNL
STONEBRIDGE CROSSINGRichmond, VA67,352 SF93% occupiedKroger shadow anchored strip center. Includes two outparcels, a single outparcel development pad as well as two pads for additional retail space.
PREPARING FOR MARKET Contact: Eric Robison
THE SHOPPES AT TWIN OAKSRichmond, VA39,117 SF | Three (3) buildings94% occupied Unanchored retail center. Occupied to diverse tenant roster in Richmond’s most successful retail market.
PREPARING FOR MARKET Contact: Catharine Spangler
SOUTHPARK SHOPPING CENTERColonial Heights, VA71,509 SF 100% occupied Regional center shadow anchored by Southpark Mall. Opportunity for additional income through approved pad site development. Tenant’s include Books-A-Million, Chipotle, and Ashley Home Furniture.PREPARING FOR MARKET Contact: Catharine Spangler
MIDLOTHIAN CROSSINGRichmond, VA84,000 SF97% Occupied | Big Lots anchoredShopping center with long-term leases and unmatched access along Midlothian Turnpike, one of Richmond’s strongest retail corridors.
ON MARKET Contact: Eric Robison
CONN’S/GABE’SGastonia, NC96,967 SF96% occupiedRetail development anchored by Gabe’s and Conn’s Homeplus with approximately 10 years of remaining lease term and one small shop vacancy.PREPARING FOR MARKET Contact: Catharine Spangler
OFFICE / INDUSTRIAL / MULTIFAMILY / RETAIL / STNL
WESTPARK SHOPPING CENTERRichmond, VA176,935 SF | 100% leasedAnchor Tenants: Martin’s, Christmas Tree ShopStrong performing grocery-anchored center in region’s most successful retail trade.
SOLD FOR $33,390,000 | MAY 2015 Contact: Eric Robison
TRACE FORK STRIPCharleston, WV8,597 SF | Two-tenant strip100% leased | Triple net leasesLender owned, two-tenant strip leased to Men’s Wearhouse and Casual Male, XL.
SOLD FOR $1,800,000 | MAY 2015 Contact: Catharine Spangler
SOUTHWEST PLAZARoanoke, VA79,384 SF | 94% leasedAnchor Tenants: Food LionGrocery-anchored center with top of market demographics.
SOLD FOR $8,015,940 | JULY 2015 Contact: Eric Robison
WILLIAMSBURG CROSSINGWilliamsburg, VA149,872 SF69% occupied | Food Lion anchored50,000 square foot Food Lion anchored center with solid sales and three years of remaining term.
SOLD FOR $4,625,000 | AUGUST 2015 Contact: Eric Robison
BRANDERS CREEK CORNERRichmond, VA26,366 SF100% occupied Newly constructed strip center leased to a variety of retail and medical tenants. 21% of the center is occupied by HCA.
ON MARKET Contact: Catharine Spangler
OFFICE / INDUSTRIAL / MULTIFAMILY / RETAIL / STNL
BOJANGLES’Sylva, NC3,808 SF | Single-tenant100% leased | Absolute net leaseLocation has a successful 10-year operating history and has just entered into a brand new 20 Year lease.
UNDER CONTRACT Contact: Catharine Spangler
BOJANGLES’Hendersonville, NC3,808 SF | Single-tenant100% leased | Absolute net leaseRare, brand new 20-year lease on relocation of existing location with a successful operating history.
ON MARKET (Asking price: $2,400,000) Contact: Catharine Spangler
AAA CAR CARERichmond, VA±1.09 acres | Single-tenant100% leased | Absolute net ground leaseBrand new 10-year ground lease on a grocery anchored outparcel (77,000 VPD).
ON MARKET Contact: Catharine Spangler
MATTRESS FIRMHampton, VA4,577 SF | Single-tenant100% leased | Double net lease9 years of remaining lease term. Shares a hard corner with CVS.
SOLD FOR $2,362,000 | SEPTEMBER 2015 Contact: Catharine Spangler
DOLLAR GENERALPetersburg, VA9,100 SF100% occupied Free-standing NNN leased Dollar General. Build-to-suit construction slated for a February 2016 delivery.
ON MARKET Contact: Catharine Spangler
OFFICE / INDUSTRIAL / MULTIFAMILY / RETAIL / STNL
PETSMARTNags Head, NC12,319 SF | Single-tenant100% leased | Double net leaseOutparcel to a TJ Maxx and Staples center. Eight years remaining on initial 10-year term.
SOLD FOR $3,650,000 | FEBRUARY 2015 Contact: Catharine Spangler
BOJANGLES’Asheville, NC3,808 SF | Single-tenant100% leased | Absolute net leaseBrand new 15-year lease with Bojangles’ second largest franchisee. Build-to-suit construction.
SOLD FOR $2,046,512 | JANUARY 2015 Contact: Catharine Spangler
ADVANCE AUTO PARTSAsheville, NC6,831 SF | Single-tenant100% leased | Absolute net ground leaseBrand new construction, sold for 100% of asking price.
SOLD FOR $1,933,666 | DECEMBER 2014 Contact: Catharine Spangler
BOJANGLES’Waynesville, NC3,808 SF | Single-tenant100% leased | Absolute net leaseBrand new 15-year lease with Bojangles’ second largest franchisee. Build-to-suit construction.
SOLD FOR $2,200,000 | MARCH 2015 Contact: Catharine Spangler
