270,000 SF Industrial Property for Sale to Investor or Owner-User

351 Station Rd Station Road Berryville, VA 22611

351 Station Rd Station Road , Berryville, VA, 22611
351 Station Rd Station Road , Berryville, VA, 22611
FOR SALE NNN Property
Property Type:
Industrial
Amount:
$15,000,000
Cap Rate:
5.75%
Last Verified:
Sep 17, 2024

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Serafin Real Estate has been exclusively retained to offer for sale 351 Station Road, a prime industrial asset located in Berryville, VA. This 270,000-square-foot building, set on 22 acres, presents a flexible opportunity for investment or owner-user occupancy, catering to a variety of industrial needs. Originally built in 1940 and renovated in 1980, the property is currently 76% occupied, providing a stable income stream with a cap rate of 5.73%. Zoned for industrial use, this property is well-positioned for distribution and warehousing, making it an ideal investment in the thriving Washington, D.C. Metro area. The asking price is $15,000,000.

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Map of 351 Station Rd Station Road , Berryville, VA, 22611

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.