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214 & 216 Industrial Court 216 Industrial Ct

6,008 SF Industrial Building Fredericksburg, VA 22408 $2,458,190 CAD ($409 CAD/SF)

Executive Summary

6,008 sf Office/Flex Building Fully Leased and adjacent .98 ac Industrial Parcel
Lease Option Term is Two-Years (expires January 31, 2027)
Three Percent Annual Rent Increases
Tenant is Rappahannock Electric Cooperative
REC is a member-owned utility that provides electric service
to nearly 179,000 connections in portions of 22 Virginia
Counties
Building has 6 Offices
Conference Room
Bull Pen Area (17' X 24.5') and Storage Room ( 660 sf)
Adjacent .98 Acre Parcel is Zoned I-1 ($190,000.00)

Property Facts

Price $2,458,190 CAD
Price Per SF $409 CAD
Sale Type Investment
Property Type Industrial
Property Subtype Warehouse
Lot Size 1.98 AC
Rentable Building Area 6,008 SF
No. Stories 1
Year Built 1983
Tenancy Single
Parking Ratio 6.99/1,000 SF
Opportunity Zone Yes

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
23G-1-10
Land Assessment
$282,672 CAD
Improvements Assessment
$584,876 CAD
Total Assessment
$867,548 CAD

zoning

Zoning Code I-1
I-1
  • Listing ID: 33510586

  • Date on Market: 2024-10-14

  • Last Updated:

  • Address: 216 Industrial Ct, Fredericksburg, VA 22408

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