Mixed-Use
Class A Mixed-Use Office and Retail Plaza | 91% Occupied with $10M in Recent Renovations
933 3rd Ave, Huntington, WV 25702
Listing Price: $11,648,420
Cap Rate
8.25%
Number of Suites
15
Gross SF
74,511
Rentable SF
74,511
Price/Gross SF
$156.33
Lot Size
0.65 acres
Year Built
1890
Investment Overview
Marcus & Millichap is pleased to bring to market, Pullman Plaza, a mixed-use property located in the heart of downtown Huntington, West Virginia.
Class A Mixed-Use Office and Retail Plaza | 91% Occupied with $10M in Recent Renovations
Investment Highlights
- Over $10 Million Invested in Complete Class "A" Renovation Starting in 2010, Including New HVAC, Roofing, Wiring and Interior for Every Building
- Strong Tenant Mix of Law Office, Financial and Professional Services and Retail | Over 71 Percent of Rental Revenue Comes From Three Tenants Including the Two Law Firm Anchors
- Situated at a Signalized Four Way Intersection with First Floor Retail in Main Downtown Corridor
- Supply-Constrained Corridor: Very Little Room for New Building or Leasing in Downtown Huntington
- Adjacent to Pullman Square Shopping Center, a 200k Square Foot Retail and Entertainment Center
- Value-add via Lease Up of 9 Percent Vacancy Yields an 8.48 Percent Cap on Fully Occupied Pro Forma
Broker of Record
-
Sean Beuche
Vice President/Regional Manager
Financing By
Mixed-Use
Class A Mixed-Use Office and Retail Plaza | 91% Occupied with $10M in Recent Renovations
Listing Price: $11,648,420
Cap Rate
8.25%
Number of Suites
15
Gross SF
74,511
Rentable SF
74,511
Price/Gross SF
$156.33
Lot Size
0.65 acres
Year Built
1890
Investment Highlights
- Over $10 Million Invested in Complete Class "A" Renovation Starting in 2010, Including New HVAC, Roofing, Wiring and Interior for Every Building
- Strong Tenant Mix of Law Office, Financial and Professional Services and Retail | Over 71 Percent of Rental Revenue Comes From Three Tenants Including the Two Law Firm Anchors
- Situated at a Signalized Four Way Intersection with First Floor Retail in Main Downtown Corridor
- Supply-Constrained Corridor: Very Little Room for New Building or Leasing in Downtown Huntington
- Adjacent to Pullman Square Shopping Center, a 200k Square Foot Retail and Entertainment Center
- Value-add via Lease Up of 9 Percent Vacancy Yields an 8.48 Percent Cap on Fully Occupied Pro Forma
Investment Overview
Marcus & Millichap is pleased to bring to market, Pullman Plaza, a mixed-use property located in the heart of downtown Huntington, West Virginia.
Broker of Record
-
Sean Beuche
Vice President/Regional Manager
Financing By
