for sale: 1337 and 1345 taylor farm road, virginia beach ... · offering overview: purchaser...
TRANSCRIPT
For sale1337 and 1345 Taylor Farm Road
Virginia Beach, Virginia
Two Class A warehouse/ distribution centers with a total of 185,400 s.f. offered for sale
separately or together
OFFERING OVERVIEW:
PURCHASER SOLICITATION
JLL, as exclusive advisor, is pleased to offer 1337 and 1345 Taylor Farm Road, Virginia Beach, Virginia (the “Properties”). The Properties are comprised of two Class A industrial buildings that are offered together or separately:
1337 Taylor Farm RoadA fully leased, 90,000 square foot, Class A warehouse / distribution center constructed in 2005
1345 Taylor Farm RoadA fully leased 95,400 square foot, Class A warehouse / distribution center constructed in 2007
The construction quality and existing tenancy make the Properties very attractive in a market segment with historically low vacancy rates.
The Offering
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EXECUTIVE SUMMARY
INVESTMENT HIGHLIGHTS
Stable tenancy:1337 Taylor Farm Road and 1345 Taylor Farm Road are currently 100% leased and are well positioned for annual rent growth.
Superior asset quality:
Built in 2005 (1337 Taylor Farm Road) and 2007 (1345 Taylor Farm Road), the Properties feature generous clear ceiling heights (22 feet, 10 inches at the roof peak at 1337 Taylor Farm Road and 24 feet, 6 inches at the roof peak at 1345 Taylor Farm Road), 14’ x 14’ grade-level doors, 8’ x 10’ dock-level doors, and two oversized, 17’ x 22’ drive-in doors at 1345 Taylor Farm Road. Both buildings are fully sprinklered and insulated, and the warehouse bays enjoy enhanced light through skylights. The Properties have been very well maintained by a proactive ownership.
Exceptional location: The Properties offer industrial users an excellent, highly accessible location in the heart of Virginia Beach. Interstate access is less than four miles away at the interchange of I-264 and London Bridge Road. This recently constructed interchange provides quick access to the submarket. The Properties are located in the Oceana South Industrial Park and are only a few minutes drive from the Lynnhaven office and retail submarket, which hosts numerous local and national retailers, restaurants, service providers and entertainment venues.
Video tour available: www.taylorfarmroad.com/video3
Property Overview
Property information 1337 Taylor Farm Road 1345 Taylor Farm Road
Building type: Class A Industrial Class A Industrial
Year constructed: 2005 2007
Building size: 90,000 s.f. 95,400 s.f.
Space available: 0 s.f. 0 s.f.
Typical bay size: 7,200 s.f. 7,950 s.f.
Land area: 5.4 acres 5.3 acres
Key tenants: Agio (84,000 s.f.) Art Graphics (6,000 s.f.)
Abena North America (79,500 s.f.) Special Projects Operations (7,950 s.f.)Wilkinson Business Services (7,950 s.f.)
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PROPERTY OVERVIEW
Site detailsLand area: 10.7 acres
Location: South side of Taylor Farm Road, approximately 0.4 miles east of London Bridge Road in Virginia Beach, Virginia
Parking: 215 spaces in surface lots
Zoning: I-2 (heavy industrial); subject to APZ-1 restrictions and incentives
Interior detailsFloor covering: Commercial-grade carpet in offices
Walls: Drywall
Ceilings: Acoustical tile
Lighting: Fluorescent and incandescent
Restrooms: Men’s and women’s (ADA accessible); 1337 Taylor Farm Road also has an executive suite with a ceramic tile shower
Construction detailsBasic construction: Pre-engineered steel with metal panels
Floor: 6” concrete slab floor in warehouse areas; 4” concrete slab in office portion of 1337 Taylor Farm Road
Framing: Pre-engineered steel
Ceiling height: 1337 Taylor Farm Road: 22’10” at the peak; 22’0” at the eaves 1345 Taylor Farm Road; 24’6” at the peak; 22’0” at the eaves
Exterior walls: 1337 Taylor Farm Road: Brick veneer with an EIFS decorative band on office area; metal siding elsewhere1345 Taylor Farm Road: Split-face CMU veneer with an EIFS decorative band; metal siding elsewhere
Roof type: 1.5” 22-gauge galvanized metal roof deck with drainage by metal gutters and downspouts
Warehouse: Smooth-troweled concrete floors; insulated walls and ceiling
Drive-in doors: 1337 Taylor Farm Road: Eight 14’ x 14’ drive-ins 1345 Taylor Farm Road; Eight 14’ x 14’ and two 17’ x 22’ drive-ins
Dock doors: 1337 Taylor Farm Road: One well with four 8’ x 10’ docks 1345 Taylor Farm Road: Two wells with four 8’ x 10’ docks each
Column Spacing: 1337 Taylor Farm Road: 24’ x 50’1345 Taylor Farm Road: 26’ x 50’
Mechanical detailsHeat source: Electric and natural gas
Heating system: Office area heated and cooled by heat pumps; warehouse heated by suspended gas heaters
Plumbing: The plumbing systems are connected to the Virginia Beach water system and the Hampton Roads Sanitary District Sanitary system
Electrical service: 1337 Taylor Farm Road: Service 1 – 400A 480V 3-phase 4-wire; Service 2 – 800A 480V 3-phase 4-wire 1345 Taylor Farm Road: 2,000A 120/208V 3-phase 4-wire
Fire protection: 100% wet sprinklered
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PROPERTY OVERVIEW
1337 AND 1345 TAYLOR FARM ROAD
Video tour available: www.taylorfarmroad.com/video Video tour available: www.taylorfarmroad.com/video6 JLL
PROPERTY OVERVIEW
1337 TAYLOR FARM ROAD
Video tour available: www.taylorfarmroad.com/video7
PROPERTY OVERVIEW
1337 TAYLOR FARM ROAD
Video tour available: www.taylorfarmroad.com/videoVideo tour available: www.taylorfarmroad.com/video8 JLL
PROPERTY OVERVIEW
Video tour available: www.taylorfarmroad.com/video
1345 TAYLOR FARM ROAD
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PROPERTY OVERVIEW
1345 TAYLOR FARM ROAD
Video tour available: www.taylorfarmroad.com/video10 JLL
Location OverviewHAMPTON ROADS LOCATION OVERVIEWTaking its name from the body of water at its heart, Hampton Roads is the term most often used for the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area. Home to over 1.7 million people in seven counties and nine independent cities sprawling across southeastern Virginia and northeastern North Carolina, Hampton Roads is the nation’s 37th most populous metropolitan area and the second-largest between Washington and Atlanta.
15 mi Jun 15 2015 © Stepmap, 123map • Data: OpenStreetMap, License ODbL 1.0
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Wesley Edwards, CCIMAssociate Director+1 757 961 [email protected]
Deborah Stearns, CPM, SIOR Senior Vice President+1 757 961 3245 [email protected]
Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2017. Jones Lang LaSalle. All rights reserved.
For more information, please contact one of the following:
Video tour available: www.taylorfarmroad.com/video