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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.

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

    (215) 531-7000

    License(s) WV: WVB220300809

    West Virginia

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

    (215) 531-7000

    License(s): WV: WVB220300809

    West Virginia

Financing By

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