For Sale
$3,500,000

95 Peyton StBarboursville, WV 25504

High-return flex space, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 12,119 square foot flex space property located at 95 Peyton St, Barboursville, WV 25504. The property, built in 2006 and renovated in 2023, sits on a 2.75-acre lot and boasts 68 parking spaces. Currently 100% occupied by a credit-rated single tenant under a modified lease with 1.2 years remaining on a 10-year term (commencing January 19, 2016, and expiring January 15, 2026), this Class B building offers significant stability. The Net Operating Income (NOI) has consistently grown year-over-year from 2019 to 2023, ranging from $244,589 to $254,984, with a current NOI of $254,984 and a pro-forma NOI of $257,661. The asking price is $3,500,000, representing a 7.25% cap rate (matching the pro-forma cap rate). The property benefits from its location off a major highway in a thriving commercial area. This stabilized investment offers a compelling return with a strong, long-term tenant and a proven track record of consistent income generation. The property features one building, one story, and is owned by Q6 Office I LLC. The sale is offered directly by the owner.

Highlights

  • $3,500,000 asking price for a stabilized Class B flex industrial/office property.
  • 12,119 square feet on a 2.75-acre lot with 68 parking spaces.
  • 100% occupancy with a credit-rated tenant under a modified lease with 1.2 years remaining until expiration (January 15, 2026).
  • 7.25% cap rate with a $254,984 current NOI and a pro-forma NOI of $257,661.
  • Located at 95 Peyton St, Barboursville, WV 25504, in an active commercial area off a major highway.

Property Details for 95 Peyton St

Property type
Office properties, Industrial properties
Square Feet
12,119 SF
Class
B
Year Built/Renovated
2006/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
119,790 SF

Location Insight

City
Barboursville
County
Cabell
State
West Virginia
Latitude
38.4094601
Longitude
-82.3151007
95 Peyton St, Barboursville, West Virginia

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95 Peyton St
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