Shopping Regional
Viking Way Commons
198 Viking Way, Martinsburg, WV 25401
Listing Price: $8,481,288
Investment Overview
* Viking Way Commons is a 93% occupied 49,945 SF multi-tenant government office, medical, and retail center located directly off Interstate 81 in Martinsburg, WV
* Strong Lease guarantees - Viking Way Commons is heavily occupied by local and state government tenants - nearly 60% of the center is occupied by government tenants such as the City of Martinsburg, Martinsburg Chamber of Commerce, Workforce WV, WV National Guard, and the National Park Service
* Martinsburg, WV is located approximately 70 miles northwest of Washington, DC
* Viking Way Commons is located in the main retail corridor of Martinsburg - approximately 1 mile from the mall anchored by Walmart and Hobby Lobby (Walmart has over 2M visitors/year per placer.ai- 87th percentile U.S.), The Commons (a newly constructed power center anchored by Target, Dick’s, Old Navy, Best Buy, T-J-Maxx, Aldi, and Michaels - over 3.4M visitors/year per placer.ai- 87th percentile U.S.), Lowe’s (835K visitors/year per placer.ai - 96th percentile U.S.), and a newly constructed Weis Markets/Home Goods center
* High traffic location with over 70,000 cars/day on Interstate 81 and over 14,000 cars/day on Viking Way
* Approximately 1 mile from Berkeley Medical Center, a member of WVU Medicine - a 195-bed community hospital that continues to expand to meet the needs of the growing community
* Martinsburg is the county seat of Berkeley County, the Gateway to the Shenandoah Valley, and the largest city in West Virginia’s fast-growing Eastern Panhandle region- several major employers are based in and around Martinsburg including several federal government employers including the IRS - the Martinsburg IRS facility, one of two Enterprise Computing Centers of the IRS, processes most of the country’s electronically filed tax documents from businesses, and about one-third of electronically filed tax returns
* Near several large distribution centers and plants for major corporations such as FedEx, Rust-Oleum, GM, Macy’s (logistics), and P&G
* Strong demographics - nearly 60,000 residents within 5 miles with a projected growth rate of 7.0% over the next 5 years - AHI over $72,000 in the 1 & 5-mile radius
* Recent capital improvements including a new roof and HVAC systems
* Conservative price/SF - approximately $170/SF (below replacement cost)
* Large lot size of approximately 4.52 acres
Investment Highlights
- Viking Way Commons is a 93% occupied 49,945 SF multi-tenant government office, medical, and retail center located directly off Interstate 81 in Martinsburg, WV
- Strong Lease guarantees - Viking Way Commons is heavily occupied by local and state government tenants - nearly 60% of the center is occupied by government tenants
- Martinsburg, WV is located approximately 70 miles northwest of Washington, DC
Broker of Record
Listing Price: $8,481,288
Investment Highlights
- Viking Way Commons is a 93% occupied 49,945 SF multi-tenant government office, medical, and retail center located directly off Interstate 81 in Martinsburg, WV
- Strong Lease guarantees - Viking Way Commons is heavily occupied by local and state government tenants - nearly 60% of the center is occupied by government tenants
- Martinsburg, WV is located approximately 70 miles northwest of Washington, DC
Investment Overview
* Viking Way Commons is a 93% occupied 49,945 SF multi-tenant government office, medical, and retail center located directly off Interstate 81 in Martinsburg, WV * Strong Lease guarantees - Viking Way Commons is heavily occupied by local and state government tenants - nearly 60% of the center is occupied by government tenants such as the City of Martinsburg, Martinsburg Chamber of Commerce, Workforce WV, WV National Guard, and the National Park Service * Martinsburg, WV is located approximately 70 miles northwest of Washington, DC * Viking Way Commons is located in the main retail corridor of Martinsburg - approximately 1 mile from the mall anchored by Walmart and Hobby Lobby (Walmart has over 2M visitors/year per placer.ai- 87th percentile U.S.), The Commons (a newly constructed power center anchored by Target, Dick’s, Old Navy, Best Buy, T-J-Maxx, Aldi, and Michaels - over 3.4M visitors/year per placer.ai- 87th percentile U.S.), Lowe’s (835K visitors/year per placer.ai - 96th percentile U.S.), and a newly constructed Weis Markets/Home Goods center * High traffic location with over 70,000 cars/day on Interstate 81 and over 14,000 cars/day on Viking Way * Approximately 1 mile from Berkeley Medical Center, a member of WVU Medicine - a 195-bed community hospital that continues to expand to meet the needs of the growing community * Martinsburg is the county seat of Berkeley County, the Gateway to the Shenandoah Valley, and the largest city in West Virginia’s fast-growing Eastern Panhandle region- several major employers are based in and around Martinsburg including several federal government employers including the IRS - the Martinsburg IRS facility, one of two Enterprise Computing Centers of the IRS, processes most of the country’s electronically filed tax documents from businesses, and about one-third of electronically filed tax returns * Near several large distribution centers and plants for major corporations such as FedEx, Rust-Oleum, GM, Macy’s (logistics), and P&G * Strong demographics - nearly 60,000 residents within 5 miles with a projected growth rate of 7.0% over the next 5 years - AHI over $72,000 in the 1 & 5-mile radius * Recent capital improvements including a new roof and HVAC systems * Conservative price/SF - approximately $170/SF (below replacement cost) * Large lot size of approximately 4.52 acres
Broker of Record

