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Oak Lake Business Park

For Sale

Property Features

10,200 SF fully-leased building and shovel-ready pad sites within Oak Lake Business park. Located in close proximity to the highly-traveled Powhite Parkway/Route 288 interchange, in strong demographic Midlothian submarket. 

Existing Building Investment Sale:

  • Executed NN lease with Stanley Steemer International, Inc.
  • To be delivered August 2020
  • First-year NOI of $91,800
  • Seven-year initial term with two 5-year options and continuous 2.5% escalations
  • Located in the well-established Oak Lake Business Park
  • $1,600,000 (5.75% CAP RATE)

Shovel-Ready Pad Sites:

  • Site #1: Permitted for 24,600 SF building with 20’ ceilings
  • Site #2: Permitted for 57,764 SF ground floor building with 30’ ceilings –possibility for 2nd floor or mezzanine
  • Site work already completed by seller: Active building permit in hand, rough graded pad sites with retaining walls in place, underground stormwater retention complete as required by  Chesapeake Bay Watershed, road improvements including all 3 curbs and entrances and all utilities except for gas to the site
  • $2,225,000 (±$325,000/ACRE) MAY BE PURCHASED SEPARATELY AS 2.5 & 4.2 ACRE PADS
  • Lease Type: Call For Pricing
  • Zoning: I-1 (Industrial)
  • Total Sq. Ft.: 10,200
  • Grade Loading: Yes
  • Dock Loading: Yes
  • Acreage: 6.7
  • Lease Type: Call For Pricing
  • Zoning: I-1 (Industrial)
  • Total Sq. Ft.: 10,200
  • Grade Loading: Yes
  • Dock Loading: Yes
  • Acreage: 6.7