National Seating & Mobility – Richmond, VA

3941 Deep Rock Rd, Richmond, VA 23233, USA

Sands Investment Group is pleased to exclusively offer for sale the flex industrial asset leased to National Seating and Mobility Inc. & Taylor and Parrish Construction. This is a rare opportunity to acquire a flex industrial and office asset located in the core Henrico market of Richmond.

  • Strong Anchor Tenant: National Seating & Mobility is a leader in the healthcare industry with over 200 locations across North America and occupies 80% of the property. National Seating & Mobility (NSM) reported annual revenue of approximately $750 million in 2023. The company has more than 2,600 employees across four continents and serves over 300,000 clients annually.
  • Long-Term Site Commitment: Both tenants have been at the site for over 5 years and have recently extended their leases. National Seating & Mobility has also recently expanded at this location, demonstrating a long-term commitment to the market.
  • Strong Annual Increases: This deal provides a 2.5% annual increase in rent from both tenants.
  • Infill Industrial Asset: Rare opportunity to acquire an infill industrial asset in the Henrico-Richmond submarket.
  • Highly Functional Industrial Real Estate: Located directly between I-64 and Highway 250, this site also provides two entry points off Deep Rock Road, offering drivers easy and efficient access.
  • Two-Tenant Opportunity: This property is currently occupied by two tenants, offering diversification compared to a purely single-tenant asset.
  • Strong Demographics: Population exceeds 200,000 with an average household income over $148,000 within a 5-mile radius.

In Cooperation With Sands Investment Group, Inc – Lic. ##0226037527 BoR: Tom Gorman – Lic. VA #0225269275

3941 Deep Rock Rd, Richmond, VA 23233, USA

National Seating and Mobility Inc.

With a network of 200+ locations across the U.S. and Canada, National Seating & Mobility (NSM) is North America’s largest and most trusted provider of comprehensive mobility solutions including complex rehab technology (CRT), home and vehicle accessibility, and full-service maintenance and repair. NSM has been advancing independence and enhancing the quality of life of individuals who use mobility solutions for more than 30 years. The company has more than 2,400 dedicated team members who support more than 250,000 mobility solutions each year. Since 2006, NSM is the only national mobility solutions provider that is accredited by The Joint Commission and voluntarily undergoes a rigorous review process every few years to ensure and validate the company’s commitment to providing safe, quality care for our valued customers.

Taylor & Parrish

Taylor & Parrish is a construction firm concentrating on specialized projects demanding the very best in pre-construction planning, construction techniques, and scheduling. Taylor & Parrish has concentrated on projects that require the early selection and involvement of a contractor. As a result, our clients benefit from the value that we add throughout the entire design and construction process. We offer our services as a design/builder, design assist, construction manager or a general contractor. Taylor & Parrish knows what it takes to build your project. It is our job to understand the expectations of the entire team, from the client & design team to trade and specialty contractors. This collaborative approach will find the best solution to any challenges that arise and lead to a successful project for all stakeholders.

Price

$3,800,000

Cap Rate

7.41%

PREMISES

22,447 SF

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