Property Details

Pottery Barn Warehouse

Fredericksburg, VA
Property ID: 11022

    Financial Summary

    Asking Price Call for Details
    Cap Rate Call for Details
    Net Operating Income (NOI) Call for Details
    Lease Type Modified Net
    The Offering Memorandum for this property is no longer available.

    Contact

    Jonathan W. Hipp
    President & CEO
    703.787.4725
    Andrew Fallon
    Executive Managing Director
    703.787.4733
    Richard Murphy, CCIM
    Managing Director
    571.449.8234

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    Highlights

    • A Williams-Sonoma, Inc. lease
    • Located in the 2.5 Million SF Central Park Shopping Center along the I-95 corridor
    • New 5-year lease signed, making firm term extend through 2024; shows tenant’s initial success and commitment to the location
    • Publicly traded company with over $5 billion in annual sales
    • Signage on pylon located on Plank Road at a signalized intersection with 87,000 VPD
    • Priced below the assessed value of $3.974M
    • Likely tax benefit when the asset is re-assessed in 2020; contact broker for details
    • Lease requires the tenant to make $200,000 investment to refresh and improve storefront and interior
    • 54 miles south of Washington, DC and part of the Washington, DC MSA
    • At $97/SF the property is priced well below replacement cost

    Location

    1731 Carl D Silver Pkwy
    Fredericksburg, VA

    Traci BidingerPottery Barn Warehouse