Single-Tenant Industrial
IAA (±24.5 AC IOS Site) | Richmond MSA
10390 Sadisco Dr, Ashland, VA 23005
Listing Price: $7,000,000
Investment Overview
--High Credit Tenant--
-Strong Corporate Guarantee: Backed by a Tenant with Over $4.28 Billion in Annual Revenue
-Market Leadership: IAA Is a Leading Company in the Salvage Vehicle Auction Market, Specializing in Total Loss, Damaged, and Low-Value Vehicles
-Publicly Traded: The Tenant Is Listed (NYSE: RBA) With a Market Capitalization of $20.07 Billion
-E-Commerce & Recession-Resilient: IAA Is Well-Suited to Thrive in Various Economic Conditions
--Strong Real Estate Fundamentals--
-Highly Desirable IOS Site: The Property Boasts a Large 24.58-Acre Lot, a Key Feature in Today’s Market
Prime Location: Strategically Positioned on the Washington Hwy and Off Interstate 95, Offering Easy Access to the Richmond Metro Area
-Investor-Friendly: This Absolute NNN Industrial Property Offers Zero Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market
-Located in a Dense Industrial Area with other National Brands such as Ferguson, Rush Truck Centers, Bobcat, Lansing Building Products, Amazon, Contech Engineered Solutions, and Many More within Close Proximity to the Subject Property
IAA (±24.5 AC IOS Site) | Richmond MSA
Investment Highlights
- Insurance Auto Auctions: A Highly Reputable, BB+ Rated Industrial Tenant with Over 200 Locations Across the U.S., Canada, United Kingdom, and Australia
- Mission-Critical Location: IAA Has Operated at This Site for Over 13 Years
- Significantly Below-Market Rent: Tenant is Paying $753/mo per Acre, which is More Than 75% Below Market
- Low Cost Basis: $284,000 Per Acre is More than 50% Below Market
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Managing Director / Market Leader
Listing Price: $7,000,000
Investment Highlights
- Insurance Auto Auctions: A Highly Reputable, BB+ Rated Industrial Tenant with Over 200 Locations Across the U.S., Canada, United Kingdom, and Australia
- Mission-Critical Location: IAA Has Operated at This Site for Over 13 Years
- Significantly Below-Market Rent: Tenant is Paying $753/mo per Acre, which is More Than 75% Below Market
- Low Cost Basis: $284,000 Per Acre is More than 50% Below Market
Investment Overview
--High Credit Tenant-- -Strong Corporate Guarantee: Backed by a Tenant with Over $4.28 Billion in Annual Revenue -Market Leadership: IAA Is a Leading Company in the Salvage Vehicle Auction Market, Specializing in Total Loss, Damaged, and Low-Value Vehicles -Publicly Traded: The Tenant Is Listed (NYSE: RBA) With a Market Capitalization of $20.07 Billion -E-Commerce & Recession-Resilient: IAA Is Well-Suited to Thrive in Various Economic Conditions --Strong Real Estate Fundamentals-- -Highly Desirable IOS Site: The Property Boasts a Large 24.58-Acre Lot, a Key Feature in Today’s Market Prime Location: Strategically Positioned on the Washington Hwy and Off Interstate 95, Offering Easy Access to the Richmond Metro Area -Investor-Friendly: This Absolute NNN Industrial Property Offers Zero Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market -Located in a Dense Industrial Area with other National Brands such as Ferguson, Rush Truck Centers, Bobcat, Lansing Building Products, Amazon, Contech Engineered Solutions, and Many More within Close Proximity to the Subject Property
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Managing Director / Market Leader
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