Cambridge Place Marketing Flyer [Four Buildings]
Black Diamond Realty is pleased to present four buildings within Cambridge Place Office Park, boasting a strong track record and a mix of credit tenants. Cambridge Place offers Class A finishes, manicured landscaping, plenty of surface parking, and all brick façades. With easy access to I-79, this park is the ideal location for any business looking for local presence with regional access.
Black Diamond Realty is pleased to present four buildings within Cambridge Place Office Park, boasting a strong track record and a mix of credit tenants. Cambridge Place offers Class A finishes, manicured landscaping, plenty of surface parking, and all brick façades. With easy access to I-79, this park is the ideal location for any business looking for local presence with regional access.
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INVESTMENT OPPORTUNITY
FOR SALE
MARKETING FLYER
BUILDING VI
7,000 SF
BUILDING II
6,718 SF
BUILDING III
6,928 SF
BUILDING I
7,000 SF
CAMBRIDGE PLACE
BRIDGEPORT, WV 26330
OFFICE PARK
EASTPOINTE SHOPPING CENTER
EMILY DRIVE
INTERSTATE 79
EXIT 119
ROUTE 50
NORTHWESTERN PIKE
GABRIEL'S PLAZA
THOMPSON DRIVE
THE HOME DEPOT
1180 W MAIN STREET
CAMBRIDGE PLACE
OFFICE PARK
CAMBRIDGE PLACE
BRIDGEPORT, WV 26330
OFFICE PARK
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06
08
16
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INVESTMENT OVERVIEW
Introduction of the property including specifications of the buildings, utilities, ingress,
egress and parking, interior finishes, signage and a site plan.
TENANT OVERVIEW
Information on the tenants located within each building.
BUILDING FLOOR PLANS
Floor plans and descriptions of each building.
COMPARABLE SALES
Comparable sales to the subject property.
LOCATION OVERVIEW
Detailed description/aerial photo of the property and its proximity to
surrounding businesses and locations.
AERIAL PHOTOS
Aerial photos of the subject property from different heights and angles.
CLICK HERE TO VIEW
CONFIDENTIALITY AGREEMENT
Financials and other information is available upon submission of a Confidentially Agreement. Click on the link to the
left to obtain a CA for this property. Please email signed CA's to Murphy Holloway, mholloway@blackdiamondrealty.net
or David Lorenze, dlorenze@blackdiamondrealty.net.
INVESTMENT OVERVIEW
CAMBRIDGE PLACE
BRIDGEPORT, WV 26330
• Building I - 7,000 SF
• Building II - 6,718 SF
• Building III - 6,928 SF
• Building VI - 7,000 SF
Owner will consider selling individual buildings or a combination of buildings.
SALE PRICE / $3,875,000
CAP RATE / 8%
TOTAL NUMBER OF ASSETS / 4
GROSS BUILDING SIZE / 27,646 SQ FT
BUILDING CLASS / A
OFFICE PARK
MIX OF CREDIT TENANTS – STRONG TRACK RECORD
Black Diamond Realty is pleased to present four buildings within
Cambridge Place Office Park, boasting a strong track record and
a mix of credit tenants.
Cambridge Place offers Class A finishes, manicured landscaping, plenty of
surface parking, and all brick façades. With easy access to I-79, this park is the
ideal location for any business looking for local presence with regional access.
02 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV
Main Entrance to Cambridge Place Office Park
BLACK DIAMOND REALTY
03
LOCATION
Cambridge Place is located within one mile of I-79, Exit 119 (Route 50). The
property is strategically positioned in the heart of heavy Marcellus Shale activity
along Route 50. Thompson Drive sees roughly 9,784 vehicles per day (WVDOH,
2014), while Route 50, located just 0.25 mile south, sees nearly 35,124 vehicles
per day (WVDOH, 2014).
UTILITIES
This property offers all public utilities and city supplied services. Utilities
include: electricity, gas, water, sewer, phone, and cable. Electric is provided
by Mon Power, gas is provided by Dominion, and water and sewer are provided
by the City of Bridgeport. A conduit with a fiber-optic cable encircles Cambridge
Place allowing access to all available internet and telephone providers. Among
the companies currently servicing tenants are Comcast, Time Warner, Citynet,
Verizon and Frontier. Also available are Sudden Link, Hughes Net, Dish, Xfinity,
AT&T, US Cellular and Sprint.
INGRESS / EGRESS / PARKING
Cambridge Place Office Park offers one point of ingress and egress via Thompson
Drive. The main drive into the complex winds around each building for easy
access. The roadways and curbing are well-maintained by ownership as they
are private streets once you enter Cambridge Place. Cambridge Place offers
ample parking to suit the needs of each tenant. The following parking spaces
are available for each building.
PROPERTY SPECIFICATIONS
Construction of Cambridge Place Office Park began in 2003 with Building I and
continued with a new building being built each year. The final structure, Building
VII, was completed in December of 2009. Each building has a poured concrete
foundation with wire mesh. Framing is wood with 12” block foundation walls.
The roof is a truss system design with 30 year dimensional shingles over felt,
ice guard as required. Each building also has heavy duty gage aluminium gutters,
down spouts, drip edge and trim. The building exteriors are brick veneer with
Quoined corners and the windows are Anderson Narrowline. Additional
exterior finishes include: Arched entry porticos with 10” Roman Doric-style
tapered columns and stick-built Cupolas. All buildings within the park are one-story
with the exception of Building VII which is two-stories, 4,000 square feet per floor.
INTERIOR FINISHES
The flooring varies from building to building and includes carpet, laminate and tile.
The walls are 5/8” drywall and metal studs over 12” (R-38) fiberglass batt
insulation. The ceilings consist of lay-in acoustic tiles or drywall with crown moulding.
Lighting is mostly fluorescent with some recessed and incandescent fixtures.
SIGNAGE
A brick sign that reads, “Cambridge Place” is located at the main entrance
of the park. Additionally, each building is clearly labeled with a large address
number above the main entrance doors allowing for customers to easily
locate their destination.
LOCATION
BUILDING I
BUILDING II
BUILDING III
BUILDING VI
AVAILABLE PARKING
33 Spaces, Two Handicapped
35 Spaces, Two Handicapped
27 Spaces, Two Handicapped
35 Spaces, Two Handicapped
04 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV
PROPERTY SITE PLAN
BLACK DIAMOND REALTY
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TENANT OVERVIEW
BUILDING I - DOMINION ENERGY
BUILDING II - WVDEP
TENANT SINCE SEPT. 2017
TENANT SINCE JAN. 2013
Dominion Energy is one of the nation’s largest producers and transporters
of energy, with a portfolio of approximately 26,000 megawatts of electric
generation; 14,800 miles of natural gas transmission pipeline; 51,800 miles
of natural gas distribution pipeline; 6,600 miles of electric transmission
lines; and 57,900 miles of electric distribution lines. Dominion operates
one of the largest natural gas storage systems in the U.S. with 1 trillion
cubic feet of capacity, and serves more than 6 million utility and retail
energy customers. The company is built on a proud legacy of public
service, innovation and community involvement.
WVDEP (West Virginia Department of Environmental Protection) is a
statewide operation, headquartered in Charleston, West Virginia.
Created in 1991, the DEP is responsible for protecting and preserving
the land, air, water, and public health through enforcement of the
state's environmental laws.
BUILDING II - TRANSAMERICA
TENANT SINCE JUL. 2014
Transamerica has been helping people feel better about the future
for more than 100 years. Their responsibility goes beyond insurance,
investments, and retirement accounts. With headquarters in the
Netherlands, Aegon operates in more than 20 markets worldwide.
Transamerica in the United States is the company’s largest operation.
Aegon’s 29,000 employees support more than 26 million customers
worldwide. At the end of 2017, the company managed almost €1 trillion
of investments.
06 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV
BUILDING III - DR. JAMIE M. DAY
BUILDING III - DERMATOLOGY OUTREACH
TENANT SINCE SEPT. 2006
TENANT SINCE SEPT. 2017
Dermatology Outreach is a nurse practitioner owned business with clinics
throughout several counties in West Virginia. Locations include Bridgeport,
Fairmont, Weston, Buckhannon, Elkins, Summersville, and Parkersburg.
DR. JAMIE M. DAY, DDS
DENTIST
While all endodontists are dentists, less than three percent of dentists are
endodontists. Endodontists specilize in the treatment and care of tooth
pain and the saving of teeth. Dr. Day has an excellent reputation in Harrison
County and has been a specialists in saving teeth for decades.
BUILDING III - FUSION TECHNOLOGY
TENANT SINCE APR. 2014
Fusion Technology works with the government and private sectors,
providing a full range of IT services and solutions to ensure national
security. With decades of experience in the Federal IT space and a
commitment to excellence, Fusion Technology strives to bring success
to each of their clients by using industry best practices and best value
solutions. With over 11 years of business and 228% growth in just two
years, Fusion Technology is one of the fastest growing small businesses
in the information technology field.
BUILDING VI - PROGRESSIVE / GSA
TENANTS SINCE JUL. 2008
GOVERNMENT SERVICE
AGENCY
The Progressive Group of Insurance Companies has always lived up to its
name by being one step ahead of the insurance industry, and finding new
and affordable insurance solutions. With $23+ billion in written premiums,
Progressive is one of the largest auto insurance groups in the nation.
GSA (Government Service Agency). Due to privacy restrictions, there is
limited information available about this tenant.
BLACK DIAMOND REALTY
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BUILDING I - 7,000 SQUARE FEET
SUITE 102 - 7,000 SQUARE FEET
Suite 102 consists of 7,000 (+/-) square feet and is currently occupied by
Dominion Energy. The space includes two main entrances, a reception/waiting
area with high end finishes, 12 offices, two conference rooms, multiple areas
for cubicles, two men’s and two women’s restrooms each located on either
ends of the building, one large utility closet and one smaller storage closet,
a large storage room, a server room and two kitchen/break rooms.
Finishes in this space include drywall ceilings with recessed lighting,
dark wood trim, crown moulding, and wanes coating throughout the main
entrance, front conference room and four offices. Flooring in the main entry
and front conference room is tile and the four offices is carpet. The remaining
space consists of drop ceilings with florescent lighting, vinyl tile and carpet.
All windows have blinds.
08 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV
Building I Exterior
Reception/Waiting Room
Conference Room
Kitchen Facilities
BLACK DIAMOND REALTY
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BUILDING II - 6,718 SQUARE FEET
SUITE 101 - 5,103 SQUARE FEET
Suite 101 consists of 5,103 (+/-) square feet and is currently occupied by WVDEP.
The space includes a reception/waiting room, seven offices, one conference room,
a work area, multiple spaces for cubicles, a large kitchen, separate single men’s
and women’s restrooms, a file/map area, server room, and a large file/storage
closet. This space is highlighted blue in the floor plan below. Additionally, there
is a large concrete patio located off of the kitchen.
Finishes in this space include a combination of drywall
and drop ceilings with recessed and florescent lighting.
Manager offices have dark wood trim with crown
moulding and wooden shutter blinds. The flooring
throughout the space is a combination of tile, vinyl,
and carpet. All windows have blinds.
SUITE 103 - 1,615 SQUARE FEET
Suite 103 consists of 1,615 (+/-) square feet and is currently occupied by
Transamerica. The space includes a reception/waiting room, three offices,
a conference room, a large work area, space for file cabinets, separate
men’s and women’s restrooms, a kitchen, and a large storage/utility closet.
Finishes in this space include drop ceilings with fluorescent lighting and a
combination of tile and carpet flooring. All windows have blinds.
10 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV
Building II Exterior
Suite 101 Reception/Waiting Room
Suite 101 Conference Room
Suite 101 Kitchen Facilities
BLACK DIAMOND REALTY
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BUILDING III - 6,928 SQUARE FEET
SUITE 106A - 1,337 SQUARE FEET
Suite 106A consists of approximately 1,337 (+/-) square feet and is currently
occupied by Dr. Jamie M. Day. The space is highlighted in the floor plan below
in blue. The space includes a reception/waiting room, pay area, three exam
rooms, one lab/multi purpose room, one office, kitchen, staff restroom, patient
restroom, and a mechanical/laundry room. Finishes to this space include drop
ceilings with florescent lighting and a combination of wood, vinyl tile and carpet
flooring. All windows have blinds.
SUITE 106B1 / 106B2 - 2,644 SQUARE FEET
Suites 106B1 and 106B2 consists of roughly 2,644 (+/-) combined square feet.
Suite 106B1 is currently available (1,435 (+/-) square feet). The space is highlighted
in the floor plan below in purple. This space includes two offices and
an open area for cubicles. Suite 106B2 is currently occupied by Dermatology
Outreach (1,209 (+/-) square feet). The space is highlighted in the floor plan
below in orange. This space includes a large partially shared waiting room,
one office, two exam rooms, and a room for storage. The two spaces share
an entrance, kitchen, utility closet and two restrooms. Finishes to both
spaces include a combination of drywall and drop ceilings with recessed
and fluorescent lighting. Flooring is a mix of tile, vinyl and carpet and some
of the space has crown moulding.
SUITE 108 - 2,947 SQUARE FEET
Suite 108 consists of approximately 2,947 (+/-) square feet and is currently
occupied by Fusion Technology. The space is highlighted in the floor plan below
in green. The space includes a reception/waiting area, file/storage area, seven
offices, one conference room, an IT room, storage closet, janitorial closet, two
restrooms and a kitchen. Finishes to the space include a combination of drywall
and drop ceilings with recessed and florescent lighting, some of the space has
crown moulding. The flooring is a mix of tile and carpet. All windows have blinds.
12 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV
Building III Exterior
Suite 106A Reception/Waiting Room
Suite 106B1 Exam Room
Suite 108 Reception
BLACK DIAMOND REALTY
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BUILDING VI - 7,000 SQUARE FEET
SUITE 109 - 3,000 SQUARE FEET
Suite 109 consists of 3,000 square feet and is currently occupied by Progressive
Insurance. The space includes a secure waiting room, customer conference
room, reception area, conference room, Telecom room, a large file room,
kitchen, one office, a large open space with cubicles, two single restrooms,
janitorial closet and a mechanical room. This space is highlighted blue in the
floor plan below.
Finishes to the space include drop ceilings with fluorescent lighting, a mix
of tile, vinyl and carpet for the flooring, and blinds on all of the windows.
SUITE 111 - 4,000 SQUARE FEET
Suite 111 consists of 4,000 square feet and is currently occupied by GSA
(Government Service Agency). The space includes a secure waiting room,
reception area, conference room, seven offices, a file room, data closet,
open space with cubicles, three single restrooms, and shower/locker room.
This space is highlighted orange in the floor plan below.
Finishes to the space include drop ceilings with fluorescent lighting, a mix
of tile, vinyl and carpet for the flooring, and blinds on all of the windows.
14 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV
Building VI Exterior
Suite 109 Conference Room
Suite 109 Kitchen Facilities
Suite 111 Reception/Waiting Room
BLACK DIAMOND REALTY
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COMPARABLE SALES
LEGEND
990 Elmer Prince Drive
430 Drummond Street
120 Medical Park Drive
224 Spruce Street
Subject Property
16 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV
120 MEDICAL PARK DRIVE, BRIDGEPORT, WV 26330
SUBJECT PROPERTY
Square Feet: 47,745
Year Built: 2012
Reported Cap Rate: 6.81%
Sale Date: 1/27/2017
Price: $15,500,000
Price per SF: $325
990 ELMER PRINCE DRIVE, MORGANTOWN, WV 26505
Square Feet: 25,053
Year Built: 1987
Reported Cap Rate: 7.75%
Sale Date: 11/5/2017
Price: $6,100,000
Price per SF: $243
430 DRUMMOND STREET, MORGANTOWN, WV 26505
Square Feet: 12,000
Year Built: 2001
Reported Cap Rate: 7.72%
Sale Date: 7/27/2017
Price: $2,280,000
Price per SF: $190
CAMBRIDGE PLACE, BRIDGEPORT, WV 26330
100 MAIN STREET, ELKINS, WV 26241
Square Feet: 8,500 Reported Cap Rate: 8.71%
Year Built: 2001 Sale Date: 11/28/2017
224 SPRUCE STREET, MORGANTOWN, WV 26505
Square Feet: 9,280 Reported Cap Rate: ~8.5%
Year Built: ~1970 Sale Date: 5/29/2015
Price: $1,400,000
Price per SF: $165
Price: $1,100,000
Price per SF: $118
Square Feet:
47,246
Year Built:
2001-2009
Cap Rate:
8.0%
Market Type:
Suburban
Price per SF:
$159
BLACK DIAMOND REALTY
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LOCATION OVERVIEW
HARRISON COUNTY
Harrison County lies in north central West Virginia and is home to the North
Central WV Airport which has one of the longest runways in WV (7,000 feet).
Also in Harrison County are a few of the top national aerospace companies
including: Lockheed Martin, Bombardier Aerospace, Graftech International,
Pratt & Whitney, among others. Harrison County produces the most shale
gas in WV (to date, since drilling began in 2007).
Major employers in the area also include: United Hospital Center, Federal
Bureau of Investigation, VA Medical Center, and Marcellus Shale O&G
service contractors. As of 2015, there were 36,434 people living within a
5-mile radius. The total daytime population is 45,309 with 24,363 employees
(MapInfo Pro, 2015).
POPULATION
2017 Harrison County Population
INCOME
2017 Harrison County Median Household Income
HOUSEHOLDS
2017 Harrison County Number of Households
67,811
$58,082
27,493
1
1
1
CAMBRIDGE PLACE
OFFICE PARK
SOURCES
1 - https://censusreporter.org/profiles/05000US54033-harrison-county-wv/
2 - https://investors.lockheedmartin.com/static-files/7e161683-7667-4b26-ad7b-b4a7ea881dea
3 - http://www.graftech.com/
4 - https://wvumedicine.org/united-hospital-center/about-us/
5 - https://www.fbi.gov/services/cjis
Distance to nearby cities: Clarksburg, WV - 5 miles, Fairmont, WV - 17 Miles,
Morgantown, WV - 34 miles, Uniontown, PA - 59 miles, Pittsburgh, PA - 106 miles,
Charleston, WV - 125 miles.
18 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV
MAJOR LOCAL EMPLOYERS
• Lockheed Martin is a publicly traded global security and aerospace company.
• In 2017, they employed approximately 100,000 people worldwide and
2
generated net sales of $51 billion.
• Lockheed Martin operates more than 590 facilities in 50 U.S. states and has
business locations in more than 50 national territories.
2
2
• GrafTech is a world leader in graphite material science with more than 130
3
years of experience in the carbon and graphite industry.
• GrafTech employs approximately 1,300 people, manufactures products on
3
three continents, and works with customers in over 50 countries.
• As of September 2018, GrafTech announced a net income of $199 million.
3
• The new UHC in Bridgeport offers a 692,000-square-foot structure that rises
eight stories. It is designed around the environment with the patient, family,
staff and community in mind.
4 5
• The acute care facility has 292 private inpatient rooms and 24 observation
rooms with a medical staff of more than 140 primary care and
specialty physicians. 4
• UHC employs more than 2,000 associates and is a member of WVU Medicine.
4
• The Criminal Justice Information Services Division (or CJIS) is a division of
the United States Federal Bureau of Investigation (FBI) located in Clarksburg,
Harrison County, West Virginia.
• Their mission is to equip our law enforcement, national security, and
intelligence community partners with the criminal justice information they
need to protect the United States while preserving civil liberties.
5
• Located in a half million square foot main facility on a 986-acre tract, the
5
CJIS is the largest division in the FBI.
BLACK DIAMOND REALTY
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SURROUNDING AMENITIES
The aerial photo to the right captures the Cambridge Place Office Park
location in relation to surrounding retail, restaurants, hotels and office uses.
This location is within close proximity to many amenities which make the
site a desirable location for employees commuting to work and business
travelers and/or clients coming to the area. The businesses in the following
list coordinate with the locations on the aerial photo on the following page.
The immediate area boasts a wide variety of big box and specialty
retailers, local and national chain restaurants and hotels.
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27 35
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Along I-79, there is a traffic count of 63,860 vehicles per day (WVDOH,
2014). Referenced with a yellow star, Cambridge Place Office Park is
positioned 0.5 mile from Route 50 and 0.7 mile from I-79, Exit 119.
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6
12
21
30
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7
8
13
14
22
23
31
37
38
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25
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The Home Depot
WV Junior College
Ollie's Bargain Outlet
Gabriel's
Big Lots
Best Western Plus
Walgreens
Sleep Inn
Days Inn
Towne Place Suites by Marriott
SpringHill Suites by Marriott
Wendy's
Med Express
Panera Bread
Taco Bell
Sally Beauty, Rent-A-Center
Kroger
KFC
Starbucks
Long John Silver's
AC Moore
Tractor Supply
Texas Roadhouse
United States Postal Service
Primanti Brothers
Kohl's
Chic-fil-A
McDonald's
Denny's
Pier 1
Shoe Carnival, Tuscan Sun
Salon & Spa
Lowe's
Ruby Tuesday
Arby's
Applebee's
Staples, Ashley Home Store,
Party City, GameStop, Subway,
AT&T Store
Walmart Supercenter
Burger King
Hilton Garden Inn
bfs Gas Station, Tim Horton's
Star Furniture
ALDI
BLACK DIAMOND REALTY
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BRIDGEPORT,
WEST VIRGINIA
Bridgeport, WV is conveniently located in North Central West Virginia, just two hours north of the state
capital, Charleston, WV and two hours south of Pittsburgh, PA. Bridgeport, WV is a growing and diverse
community and economic indicators project the city will continue to grow for decades to come. As more jobs
come to Bridgeport, local businesses and industry will thrive and population will continue to grow.
22 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV
STATISTICS AND GROWTH
PROJECTIONS
68,714
TOTAL POPULATION
As of July 1, 2015, Harrison County had an estimated total population of 68,714. Bridgeport ranks in the
upper quartile of the Diversity Index when compared to the other cities, towns and Census Designated
Places (CDPs) in West Virginia.
230 JOBS
ADDED IN GOVERNMENT SECTOR
The government sector will expand in the region due to the presence of the FBI complex in
Bridgeport, which has announced that it will add more than 230 jobs in the next two years, as
well as other government agencies located along the I-79 high tech corridor.
OVERALL JOB
GROWTH
Harrison County reported the highest average income in the region at $44,600 per person, a number that
is expected to grow. Job growth is projected to reach 0.7% annually, higher than the state-wide average of 0.5%.
$76,000
MEDIAN HOUSEHOLD INCOME
Households in Bridgeport earn a median yearly income of $76,050 and 61.16% of the households
earn more than the national average each year reported by IncentivesMonitor.com
(2016).
462
BUSINESSES
Bridgeport has a total of 462 businesses. In 2016, the leading industries in Bridgeport were retail, rrofessional,
scientific and technical services, health care and social services, accommodation and food services.
BLACK DIAMOND REALTY
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View of Cambridge Place Facing East
24 CAMBRIDGE PLACE OFFICE PARK • BRIDGEPORT, WV
View of Cambridge Place Facing North
View of Cambridge Place Facing Southeast
View of Cambridge Place Facing Southwest
BLACK DIAMOND REALTY
25
CLICK HERE TO VIEW
CONFIDENTIALITY
AGREEMENT
Financials and other information
is available upon submission of a
Confidentially Agreement. Click
on the link above to obtain a CA
for this property. Please email
signed CA's to Murphy or David.
CONTACT
BLACK DIAMOND REALTY LLC
1399 Stewartstown Road, Suite 300
Morgantown, WV 26505
P. 304.413.4350 F. 304.599.3285
BlackDiamondRealty.net
Mark J. Nesselroad, Broker
mjnesselroad@blackdiamondrealty.net
David Lorenze, Principal
dlorenze@blackdiamondrealty.net
Murphy Holloway, Associate
mholloway@blackdiamondrealty.net
* All information is believed to be accurate
but not guaranteed. More information is
available upon request.