Smith Transfer 351 Stanaford Rd 6,400 SF Industrial Building Beckley, WV 25801 $1,500,000 ($234.38/SF)
INVESTMENT HIGHLIGHTS
- Likely the last 4.9 flat acres of land for growth, across from ARH hospital, adjacent to the Z Way by pass and close to I-77 & I-64 within Beckley.
EXECUTIVE SUMMARY
For lease or sale. Flat lot is completely fenced. Security cameras and alarm on premises. Primary bldg. has 1400 SF office space, 3600 SF warehouse/dock space. Originally built for freight terminal. Has gas heat in offices and radiant ceiling heat in warehouse area. Warehouse area has 16 garage doors accessing the 48" elevated loading dock/warehouse. Primary building has new exterior paint, commercial guttering with new 20 year roof. Second bldg. is gas heated truck service bldg., with 1000 SF. Third bldg. is 400 SF block storage shed with new membrane shed roof, electricity but no heat. Total under roof SF is 6400SF, in three buildings. It is for sale too, offered at $1,900,000. Located beside shopping mall and very close to new city by pass road with increased traffic count. Currently, the bldg is leased with a 30 day opt out clause for both lessor and lessee. Available for lease with average SF (6400) lease rate of $7.70. Annual rate is $49,280 NNN. Contact owner to discuss leasing or purchasing.
Property is 200 Ft from Beckley Intermodal By Pass road. Road will be with 100Ft, approximately, from the rear left corner of the property. Traffic count and visibility will go up drastically once the road is completed, which should be soon.
Property is currently being used as a storage facility for Appalachian Regional Hospital.
http://www.americanairworks.com/jabo.html
Property is 200 Ft from Beckley Intermodal By Pass road. Road will be with 100Ft, approximately, from the rear left corner of the property. Traffic count and visibility will go up drastically once the road is completed, which should be soon.
Property is currently being used as a storage facility for Appalachian Regional Hospital.
http://www.americanairworks.com/jabo.html
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$45,900
|
$7.17
|
| Taxes |
$425
|
$0.07
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$425
|
$0.07
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS Under Contract
AMENITIES
- 24 Hour Access
- Fenced Lot
- Raised Floor
- Storage Space
- Air Conditioning
UTILITIES
- Lighting
- Gas - Natural
- Water - County
- Sewer - City
- Heating - Gas
ABOUT 351 STANAFORD RD , BECKLEY, WV 25801
Primary structure was built for trucking terminal in 1959 with 16 garage doors on elevated dock space of approximately 3600 SF. Office space of 1400 SF. Unattached 1200 SF metal building with large garage door for servicing semi-trucks. Smaller unheated block building for dry storage with 36" door. 4.9 acres fenced in flat land. Approximately 8000 vehicles pass by the property daily on RT 41.
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Appalachian Regional Hospital
- Health Care and Social Assistance
- 6,400 SF
- $8.00
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Appalachian Regional Hospital | Health Care and Social Assistance | 6,400 SF | $8.00 | Triple Net | - |
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PROPERTY TAXES
| Parcel Number | 41-01- 75-0003.0000 | Total Assessment | $194,940 (2024) |
| Land Assessment | $164,040 (2024) | Annual Taxes | $425 ($0.07/SF) |
| Improvements Assessment | $30,900 (2024) | Tax Year | 2023 |
ZONING
| Zoning Code | Zoned B-2 (General Industrial Business) |
