95 Peyton StBarboursville, WV 25504

Property Details for 95 Peyton St

Year built

2006

Lot size

2.75 AC

Property size (Sq ft)

12,119 SF

Property type

Industrial properties

Property subtype

Other office properties

Description

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.

Location Insight

City

Barboursville

County

Cabell

State

West Virginia

Latitude

38.4095

Longitude

-82.3151

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