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1796 Lee Hwy

Cloverdale, VA 24077

 

Distribution For Sale  •  253,973 Sq Ft

Property Details

  • Property Type Distribution
  • Total Building Size 253,973 Sq Ft
  • Lot Size 35.98 ac
  • Building Class B
  • Year Built 1972
  • Tenancy Single
  • Zoning M-1
0 Transit Score
12 Walk Score

Description

Marcus & Millichap’s Mid-Atlantic Office Office & Industrial Group, as exclusive advisor, offers for sale the Southern States Cooperative Distribution Center (“the Property”), a 253,973 square foot distribution facility located in the I-81 Shenandoah Valley Corridor. The facility is 100% leased to Southern States Cooperative (“the Tenant, SS”) with over five years remaining on an absolute net basis, and serves as Southern States’ sole distribution facility. The Property serves as an integral part of Southern States’ supply chain, servicing the fulfillment needs of 1,200 retail locations across 23 states. Southern States has occupied the facility dating back to 1972, and has recently invested significant capital into the Property to accommodate consolidation efforts.

Highlights

Under Market Rent
Tier-1 Distribution Market
Historical Occupancy & Significant Tenant Investment

Property Flyers

Major Tenants

Tenant SF Occupied Lease End Date
Southern States Cooperative, Inc. 9/30/2023

Public Transportation

AirportDriveWalkDistance
Roanoke Regional-Woodrum Field Airport 15 min - 6.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 65
Type: Surface
Included in Rent: Yes
Bob Filley 202-536-3736 Marcus & Millichap Inc
Bob Filley 202-536-3736 Marcus & Millichap Inc