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Thalhimer Realty Partners Acquires Industrial Facility At 1100 Intervale Drive In Salem For $11.55M
SOLD
$11,550,000
Virginia
See Similar DealsIndustrial170,000 SF
Sold 10/08/2025
SOLD
Thalhimer Realty Partners Acquires Industrial Facility At 1100 Intervale Drive In Salem For $11.55M
1100 Intervale Drive
See Similar DealsIndustrial170,000 SF
Sold 10/08/2025
Summary
VIRGINIA
Asset Type:Industrial
Price Per Square Foot:$67
Total Square Footage:170,000 SF
Transaction Type:Sale
Thalhimer Realty Partners has acquired a distribution facility located at 1100 Intervale Drive in Salem, Virginia. The asset encompasses a total of 170,000 square feet and was purchased for $11.55 million. This facility has been fully leased to ReaderLink Distribution Services, which has utilized the property as its Northeastern and Mid-Atlantic hub for approximately 25 years.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,550,000
- Square Footage: 170,000
- Address: 1100 Intervale Drive
- Market: Salem, VA
- Price Per Square Foot: $68
The transaction was facilitated by Bo McKown from Cushman & Wakefield, representing Thalhimer Realty Partners in this acquisition. The successful completion of this deal illustrates the continued demand for distribution facilities in key markets.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$616,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$41,034.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,752.89
Annual Debt Service$657,034.71
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