3045 Philpott Road
Industrial | 105,000 SqFt
Marketing description
Plant 14 is a single-tenant light manufacturing facility located in the Halifax County Industrial Park in South Boston, Virginia.
Site overview: The subject property is a 105,000 SF industrial/light manufacturing facility situated on approximately 16.390 acres at 3045 Philpott Road in South Boston, Halifax County, Virginia. The site provides operational utility with direct access from Philpott Road and Fulp Industrial Road, paved parking, truck court functionality, and industrial park infrastructure.
Physical plant: Originally constructed in 1993, the facility is configured for light manufacturing, production, warehouse, office, and support uses. The appraisal materials describe the property as a single-story Class B industrial/light manufacturing facility with wet sprinkler system, 3-phase power, and functional loading configuration.
Investment highlights
- Sale-Leaseback Opportunity
- 10-Year NNN Lease at Closing
- Zero Landlord Expense Exposure
- 2.0% Annual Fixed Bumps
- Corporate-backed income - Genesis Products, Inc. tenant and guarantor
- Genesis Products' 14-facility network provides scale, geographic reach, and production flexibility
- More than 1,000 employees nationwide
- Strategic Plant 14 location integrated into broader Genesis platform
- Operational continuity - uninterrupted at closing
- Passive NNN structure - tenant-paid operating expenses support predictable income
- 100% occupancy
- Tight regional industrial market - 2.5% Halifax County vacancy, 2.9% South Boston vacancy
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