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National Seating and Mobility Inc. & Taylor 3941 Deep Rock Rd

23,669 SF 100% Leased Flex Building Richmond, VA 23233 $4,483,000 ($189/SF) 6.29% Cap Rate

Investment Highlights

  • National Seating & Mobility is a Leader in the Healthcare Industry With Over 200 Locations in North America
  • This Deal Provides 2.50% Annual Increase in Rent From Both Tenants
  • Located Directly Between I- 64 and Hwy 250; This Site also Provides Two Entry Points Off of Deep Rock Road
  • Both Tenants Have Been at the Site For Over 5-Years and Recently Have Extended Their Leases
  • Rare Opportunity to Acquire an Infill Industrial Asset in the Henrico-Richmond Submarket
  • This Property is Currently Occupied By Two Tenants Offering Some Diversification From a Purely Single Tenant Asset

Executive Summary

Sands Investment Group is Pleased to Exclusively Offer For Sale the 23,669 SF National Seating and Mobility Inc. & Taylor and Parrish Construction Located at 3941 Deep Rock Road in Richmond, VA. This Deal Includes a Long Term Site Commitment From Both Tenants That Have Been at the Site For Over 5 Years and Recently Have Extended Their Leases. The Deal Includes Strong Annual Increases, Providing For a Secured Investment.

In Cooperation With Sands Investment Group, Inc Lic. # BOR: Tom Gorman - Lic. VA #0225269275

Property Facts

Price $4,483,000
Price Per SF $189
Sale Type Investment
Cap Rate 6.29%
Property Type Flex
Property Subtype
R&D
  • Industrial Distribution
  • Industrial Manufacturing
  • Industrial Warehouse
Building Class B
Lot Size 2.84 AC
Rentable Building Area 23,669 SF
No. Stories 1
Year Built 1987
Parking Ratio 2.53/1,000 SF
Clear Ceiling Height 21 FT
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 2

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • National Seating & Mobility
  • Manufacturing
  • 18,012 SF
  • $0.93
  • Sep 2029
  • Taylor & Parrish Construction
  • Manufacturing
  • 4,435 SF
  • $1.47
  • Oct 2026
Tenant Industry SF OCCUPIED RENT/SF Lease End
National Seating & Mobility Manufacturing 18,012 SF $0.93 Sep 2029
Taylor & Parrish Construction Manufacturing 4,435 SF $1.47 Oct 2026

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
751-758-4898
Land Assessment
$587,000
Improvements Assessment
$1,789,300
Total Assessment
$2,376,300

zoning

Zoning Code M-1 (Light Industrial)
M-1 (Light Industrial)
  • Listing ID: 33007500

  • Date on Market: 8/30/2024

  • Last Updated:

  • Address: 3941 Deep Rock Rd, Richmond, VA 23233

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