122 Edgecomb RdTroy, VA 22974

Property Details for 122 Edgecomb Rd

Year built

2023

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

12.59 AC

Zone code

I-1

Property type

Industrial properties

Property subtype

Flex space

APN

5 17 1

APU

5171

Description

This exceptional investment opportunity presents a newly constructed, 52,500-square-foot warehouse in Troy, Virginia. The property boasts a strong 6.25% cap rate and a long-term net lease with PODS, a leading national company, extending until August 31, 2033, with two five-year renewal options. Built in 2023, this modern facility features approximately 800 container capacity, including valuable outdoor storage space. Situated on 3.27 acres, the warehouse enjoys excellent visibility and accessibility, located near major roadways including I-64 and Highway 15, providing convenient access to Charlottesville and Richmond. The lease includes 2.5% annual rent increases, ensuring consistent income growth. This is the first phase of a larger 16-acre industrial development in Zion Crossroads, offering significant future potential. The current rent is notably below market rates, presenting a compelling value proposition for investors. The property includes 13 parking spaces. This is a highly functional, modern industrial space with a proven tenant and a secure long-term income stream. The property's strategic location and strong tenant covenant make it an attractive investment opportunity with significant upside potential. The building is part of a planned 16-acre industrial development. The asking price is $8,394,752, representing a price per square foot of $159.90, and the net operating income (NOI) is $524,672. The property is currently 100% occupied.

• Alternative Use

  Use

  Valuation

  Residential

  $149,382,464

  Hospitality

  $136,833,536

  Educational

  $113,843,896

  Medical

  $117,759,160

  Retail

  $177,090,496

Location Insight

City

Troy

County

Fluvanna

State

Virginia

Latitude

37.9746

Longitude

-78.2281

CBSA code

16820

CBSA name

CHARLOTTESVILLE, VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].