56 Distributor Drive - Marketing Flyer
Black Diamond Realty is pleased to present 56 Distributor Drive, an industrial warehouse/office building comprised of 28,450 (+/-) square feet on 4.08 (+/-) acres. The building is equipped with five overhead doors (access on all sides of the building), full drive-through capability, two loading docks, security and sprinkler systems, signage opportunities and more. The property is located outside the city limits of Morgantown roughly 2.4 miles from I-68, Exit 1 and 2.8 miles to downtown Morgantown and West Virginia University’s main campus.
Black Diamond Realty is pleased to present 56 Distributor Drive, an industrial warehouse/office building comprised of 28,450 (+/-) square feet on 4.08 (+/-) acres. The building is equipped with five overhead doors (access on all sides of the building), full drive-through capability, two loading docks, security and sprinkler systems, signage opportunities and more. The property is located outside the city limits of Morgantown roughly 2.4 miles from I-68, Exit 1 and 2.8 miles to downtown Morgantown and West Virginia University’s main campus.
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MARKETING FLYER<br />
<strong>56</strong> DISTRIBUTOR DRIVE<br />
MORGANTOWN, WV 26501<br />
INDUSTRIAL WAREHOUSE / OFFICE BUILDING
MORGANTOWN INDUSTRIAL PARK<br />
MOUNTAINEER MALL<br />
<strong>56</strong> DISTRIBUTOR DRIVE<br />
SUBJECT PROPERTY<br />
GREENBAG ROAD<br />
<strong>56</strong> DISTRIBUTOR DRIVE<br />
MORGANTOWN, WV 26501
TABLE OF CONTENTS<br />
Investment Overview / Video<br />
Introduction of the property including building specifications, utilities,<br />
legal description, zoning, and parcel map.<br />
Building Floor Plan / Photos<br />
Floor plan and interior photos of the office and warehouse spaces.<br />
Location Overview<br />
Major local employers and a detailed description/aerial photo of the<br />
property and its proximity to surrounding area of interest.<br />
Demand <strong>Drive</strong>rs<br />
West Virginia University and the surrounding location.<br />
Demographics<br />
3, 5 and 10 mile radius demographics.<br />
Exterior Photos<br />
Exterior photos of the property from different angles.<br />
Aerial Photos<br />
Aerial photos of the property from different heights and angles.<br />
02<br />
06<br />
12<br />
14<br />
16<br />
18<br />
20
PROPERTY OVERVIEW<br />
<strong>56</strong> DISTRIBUTOR DRIVE<br />
MORGANTOWN, WV 26501<br />
LEASE RATE / $13.00 SQ FT / YEAR<br />
LEASE STRUCTURE / NNN<br />
GROSS BUILDING SIZE / 28,450 SQ FT<br />
GROSS LOT SIZE / 4.08 ACRE<br />
WAREHOUSE CEILING HEIGHT / 25 FEET<br />
Black Diamond Realty is pleased to present <strong>56</strong> <strong>Distributor</strong> <strong>Drive</strong>,<br />
an industrial warehouse/office building comprised of 28,450<br />
(+/-) square feet on 4.08 (+/-) acres. The building is equipped<br />
with five overhead doors (access on all sides of the building),<br />
full drive-through capability, two loading docks, security and<br />
sprinkler systems, signage opportunities and more.<br />
The property is located outside the city limits of Morgantown roughly 2.4<br />
miles from I-68, Exit 1 and 2.8 miles to downtown Morgantown and West<br />
Virginia University’s main campus.<br />
02<br />
<strong>56</strong> DISTRIBUTOR DRIVE • INDUSTRIAL WAREHOUSE / OFFICE BUILDING • MORGANTOWN, WV
SCAN TO<br />
VIEW VIDEO<br />
BLACK DIAMOND REALTY<br />
03
BUILDING SPECIFICATIONS<br />
Built in 1998 and renovated between 2008 and 2013, the subject warehouse/<br />
office building is comprised of 28,450 (+/-) square feet. This free-span building<br />
is divided into approximately 24,900 (+/-) square feet of industrial/warehouse<br />
space and 3,325 (+/-) square feet of office space. The warehouse space offers<br />
a large permanent conveyor belt, four overhead doors (14’ x 14’) with full<br />
drive-through capability, one rising dock door (10’ x 9’) and two loading docks<br />
(12’ x 10’ and 10’ x 19’). The overhead doors are all equipped with an automatic<br />
opening function as trucks drive up. Within the warehouse, there is a separate<br />
fenced in maintenance/mechanic area within the garage that will transfer with<br />
a lift. The warehouse floor has drains which is power washed daily to keep the<br />
space in pristine condition.<br />
The office space includes a reception area with new automatic front doors, five<br />
offices, locker room, batch area, data room, open area for cubicles, separate<br />
men’s and women’s bathrooms with showers and a kitchenette.<br />
The building exterior is a combination on cinder block and metal and the roof<br />
is PVC. The building is equipped with a working security system and sprinkler<br />
system. Security badge entry/exit system is in place throughout the facility.<br />
UTILITIES<br />
All public utilities are available to the site. Electric is three-phase.<br />
UTILITY<br />
Electric<br />
Natural Gas<br />
Water<br />
Sewer<br />
Trash<br />
Cable/Internet<br />
PROVIDER<br />
Mon Power<br />
Hope Gas<br />
Morgantown Utility Board (MUB)<br />
Morgantown Utility Board (MUB)<br />
Waste Management<br />
Comcast<br />
LEGAL DESCRIPTION / ZONING<br />
Located outside of city limits, this property is situated within the Morgan<br />
District (8) of Monongalia County. The site is comprised of one (1) irregular<br />
shaped parcel of land totaling 4.08 acres. The property is identified as<br />
Morgan District, Tax Map 10, Parcel 2.3. This can be referenced in Deed<br />
Book 1158, Page 303. The property is not restricted by zoning regulations.<br />
PARCEL MAP<br />
INGRESS / EGRESS / PARKING<br />
The subject property is located just off of Greenbag Road, 2.4 miles from I-68,<br />
Exit 1. The property can be accessed by turning west off of <strong>Distributor</strong> <strong>Drive</strong><br />
into the parking lot. A large paved parking lot with 47 lined spaces is available<br />
for customers and employees along the east side of the building. The parking<br />
lot is designed for easy manoeuvrability of large trucks in and out of the<br />
building and parking lot.<br />
04<br />
<strong>56</strong> DISTRIBUTOR DRIVE • INDUSTRIAL WAREHOUSE / OFFICE BUILDING • MORGANTOWN, WV
OVERHEAD DOOR<br />
OVERHEAD DOOR<br />
LOADING DOCK<br />
WAREHOUSE<br />
RISING DOCK DOOR<br />
LOADING DOCK<br />
OVERHEAD DOOR<br />
OVERHEAD<br />
DOOR<br />
OFFICE<br />
PARKING LOT<br />
ENTRANCE<br />
DISTRIBUTOR DRIVE
14’ X 14’<br />
OVERHEAD<br />
DOOR<br />
MECHANICAL<br />
AREA<br />
14’ X 14’<br />
OVERHEAD DOOR<br />
EXIT<br />
CONVEYOR BELT<br />
12’ X 10’<br />
RISING DOCK<br />
10’ X 9’<br />
RISING DOCK<br />
DOOR<br />
EXIT<br />
10’ X 19’<br />
LOADING DOCK<br />
EXIT<br />
14’ X 14’<br />
OVERHEAD DOOR<br />
14’ X 14’<br />
OVERHEAD<br />
DOOR<br />
EXIT<br />
BATCH<br />
AREA<br />
WINDOW<br />
DATA<br />
ROOM<br />
MEN’S<br />
RESTROOM /<br />
SHOWERS<br />
CUBICLES<br />
WOMEN’S<br />
RESTROOM /<br />
SHOWERS<br />
EXIT<br />
OFFICE<br />
ENTRANCE<br />
OFFICE<br />
OFFICE<br />
OFFICE<br />
CONF.<br />
ROOM<br />
OFFICE<br />
OFFICE<br />
06<br />
<strong>56</strong> DISTRIBUTOR DRIVE • INDUSTRIAL WAREHOUSE / OFFICE BUILDING • MORGANTOWN, WV
Office Area Main Entrance.<br />
Office Area Main Entrance.<br />
Open Office Area.<br />
Private Office.<br />
07
Private Office.<br />
File Room.<br />
Break Room/Kitchen.<br />
Package Holding Room.<br />
08<br />
<strong>56</strong> DISTRIBUTOR DRIVE • INDUSTRIAL WAREHOUSE / OFFICE BUILDING • MORGANTOWN, WV
Open Warehouse Area.<br />
09
Open Warehouse Area.<br />
Open Warehouse Area/Conveyor Belt.<br />
Open Warehouse Area.<br />
Secure Storage.<br />
10<br />
<strong>56</strong> DISTRIBUTOR DRIVE • INDUSTRIAL WAREHOUSE / OFFICE BUILDING • MORGANTOWN, WV
Access to Office Space.<br />
Overhead Door.<br />
Overhead Door.<br />
Loading Docks.<br />
11
LOCATION OVERVIEW<br />
MONONGALIA COUNTY<br />
Monongalia County lies in north central West Virginia with Morgantown<br />
as the county seat and home of West Virginia University. The Morgantown<br />
MSA regularly ranks a variety of lists pointing to the area’s accomplishments<br />
in terms of growth, business development, workforce cultivation and more.<br />
Morgantown’s prominence in both of the recession-resistant sectors of<br />
higher education and health care employment is one reason for the stability<br />
in the area. The WVU Bureau of Business and Economic Research calls for<br />
“continued healthy growth” well into the future.<br />
Monongalia County has a total population of 107,119 and a median<br />
household income of $60,206. Total number of businesses is 3,895.<br />
The City of Morgantown has a total population of 30,260 and a median<br />
household income of $39,368. Total number of businesses is 1,444.<br />
Data/maps provided by Esri, Esri and Bureau of Labor Statistics, Esri and Data Axle, 2023.<br />
DRIVE TIME<br />
Distance to nearby cities: Fairmont, WV - 20 miles, Uniontown, PA - 28<br />
miles, Bridgeport, WV - 35 miles, Washington, PA - 47 miles, Pittsburgh,<br />
PA - 70 miles, Wheeling, WV - 86 miles, Charleston, WV - 1<strong>56</strong> miles.<br />
Monongalia County, WV<br />
Morgantown City Limits<br />
Subject Location<br />
12<br />
<strong>56</strong> DISTRIBUTOR DRIVE • INDUSTRIAL WAREHOUSE / OFFICE BUILDING • MORGANTOWN, WV
The aerial above highlights several of the most<br />
popular surrounding retail, restaurants and<br />
businesses. The subject property at <strong>56</strong> <strong>Distributor</strong><br />
<strong>Drive</strong> has been referenced with a yellow star and<br />
located 2.4 miles from I-68, Exit 1.<br />
A W Dance Company<br />
Blue Ridge Beverages<br />
Lemac Mine Services<br />
Wilson Works<br />
Energy Environmental Analytics<br />
Morgantown Utility Board<br />
Federal Correctional Institution<br />
Mountaineer Mall<br />
United States Postal Service<br />
Walmart Supercenter<br />
Gabe’s Corporate Headquarters,<br />
Tractor Supply Co., Koval Buildy<br />
Supply, Legal Aid of West Virginia<br />
Morgantown Industrial Park<br />
Giant Eagle Supermarket<br />
Goodyear Auto Service, Carpet One<br />
Floor and Home, NAPA Auto Parts<br />
Monongalia County Technical<br />
Education Center<br />
Champion Training Academy<br />
FD Kitchen and Bath<br />
Family Dollar<br />
Mountainview Elementary School<br />
13
DEMAND DRIVERS<br />
WVU Main Campus - Morgantown, WV<br />
West Virginia University is a family of distinctive campuses united by a single mission. From the groundbreaking<br />
research of the flagship in Morgantown to the liberal arts hub of WVU Potomac State in Keyser to the<br />
technology-intensive programs at WVU Tech in Beckley — they are leveraging their talents and resources<br />
to create a better future for West Virginia and the world. WVU is ranked as a Research University (Highest<br />
2<br />
Research Activity) – R1 – in the 2015 Carnegie Classification of Institutions of Higher Education.<br />
The WVU Morgantown campuses are located in a town named “No. 1 Small City in America” by BizJournals.<br />
com for its exceptional quality of life. Morgantown, population 30,855, was also rated the ninth best college<br />
town in America by Business Insider and is within easy traveling distance of Washington, D.C., to the east,<br />
Pittsburgh, Pa., to the north, and Cleveland and Columbus, Ohio, to the northwest. Other rankings: Kiplinger.com<br />
included Morgantown in their 10 great places to live list; one of “Best Sports Cities” by Sporting News; 5th<br />
“Best Small Metro” by Forbes; 12th overall “Hottest Small City” by Inc.; one of “50 Smartest Places to<br />
2<br />
Live” by Kiplinger’s; and the second-ranking “Best College Town for Jobs” by Forbes.<br />
Students at the Morgantown campus come from 115 nations, all 50 U.S. states (plus D.C.) and all 55 West<br />
Virginia counties; 11,472 are West Virginia residents. In fall 2022, WVU’s Morgantown campuses enrolled<br />
nearly 28,000 students. 2<br />
WVU Medicine, the affiliated academic medical system of West Virginia University, unites the clinical and<br />
research faculty of the West Virginia University Health Sciences Center with the hospitals, clinics, and health<br />
professionals of the West Virginia University Health System. Together, they are a national leader in patient<br />
safety and quality, they are unified and driven by a passion to provide the most advanced healthcare possible<br />
to the people of West Virginia and the world.<br />
3<br />
WVU Football - Milan Puskar Stadium<br />
WVU Medicine - Ruby Memorial Hospital<br />
SOURCES<br />
2 - https://www.wvu.edu/<br />
3 - https://wvumedicine.org/about/<br />
14 <strong>56</strong> DISTRIBUTOR DRIVE • INDUSTRIAL WAREHOUSE / OFFICE BUILDING • MORGANTOWN, WV
SHOPPING<br />
RESTAURANTS<br />
• Morgantown has a wide variety of big box retailers plus locally owned<br />
merchants. Find men, women and children’s clothing/accessory stores,<br />
housewares, hard goods, soft goods and more at local malls and shopping<br />
centers including the University Town Centre, Gateway, Suncrest Towne<br />
Centre, Pierpont Centre, Morgantown Mall, and Wesmon Plaza.<br />
• Choose from numerous supermarket options in Morgantown including<br />
Sam’s Club, Walmart Supercenter, Kroger, Aldi, Giant Eagle and local<br />
organic markets.<br />
• Throughout Morgantown, upscale and casual dining options coexist with<br />
neighborhood bistros, family-owned eateries, national chains and spirited<br />
pubs and tastes from around the world.<br />
• Top restaurants in Morgantown voted by locals include: Black Bear, Mario’s<br />
Fish Bowl, Iron Horse, Table 9, Sargasso. Other popular establishments<br />
include Stefano’s, Kegler’s, The Wine Bar, Crab Shack Cariba and<br />
Mountaineer Tap House.<br />
TRANSPORTATION<br />
ENTERTAINMENT<br />
• Mountain Line is the town’s bus service, and is free for faculty, staff and<br />
students with a valid WVU ID. The cost for non-WVU users is 75 cents per ride.<br />
The Mountain Line offers WVU specific routes, city/county routes and routes<br />
to Pittsburgh.<br />
• Morgantown offers access to a variety of taxi services and Uber and Lyft<br />
drivers as an alternate means of transportation.<br />
• Located only seven minutes from WVU Main campus, Morgantown<br />
Municipal Airport (MGW) currently offers daily flights to Baltimore-<br />
Washington International (BWI) in Maryland and Pittsburgh International<br />
Airport in Pennsylvania accessing nearly 1,000 connecting flights to<br />
domestic and international destinations.<br />
• Morgantown offers a variety of events and entertainment opportunities year<br />
round including WVU football games, WVU basketball games, baseball<br />
games at the new WV Black Bears ball park, live concerts and more.<br />
• A significant nightlife presence is concentrated in downtown Morgantown.<br />
Multiple bars offer evening happy hour drink and dinner specials, as well as<br />
nightly live music, karaoke, trivia and more.<br />
• Other entertainment options include a bowling alley, Regal movie theatre,<br />
golf courses, walking and biking nature trails, fishing and boating on Cheat<br />
Lake and more.<br />
BLACK DIAMOND REALTY<br />
15
DEMOGRAPHICS / KEY FACTS<br />
3 MILE RADIUS<br />
42,011 1,805 43,259 $44,682 $30,873 $44,682 -0.04% 24.9<br />
Total<br />
Population<br />
Businesses<br />
Daytime<br />
Population<br />
Median Home<br />
Value<br />
Per Capita<br />
Income<br />
Median<br />
Household<br />
Income<br />
2020-2023<br />
Pop Growth<br />
Rate<br />
Median Age<br />
KEY SPENDING FACTS<br />
$2,500<br />
$2,572<br />
$2,000<br />
$1,500<br />
$1,504<br />
$1,631<br />
$1,000<br />
$500<br />
$<strong>56</strong>2<br />
$600<br />
$0<br />
Travel Transportation Apparel Entertainment Furniture<br />
16 <strong>56</strong> DISTRIBUTOR DRIVE • INDUSTRIAL WAREHOUSE / OFFICE BUILDING • MORGANTOWN, WV
These infographics contain data provided by Esri, Esri and Bureau of Labor Statistics Esri and Data Axle.<br />
The vintage of the data is 2023, 2028. Spending facts are average annual dollar per household.<br />
5 MILE RADIUS 10 MILE RADIUS<br />
75,846 3,342 95,574 $239,724 109,204 3,931 119,545 $250,337<br />
Total<br />
Population<br />
Businesses<br />
Daytime<br />
Population<br />
Median Home<br />
Value<br />
Total<br />
Population<br />
Businesses<br />
Daytime<br />
Population<br />
Median Home<br />
Value<br />
$37,848 $53,831 0.20% 28.3 $41,550 $59,442 0.36% 32.3<br />
Per Capita<br />
Income<br />
Median<br />
Household<br />
Income<br />
2020-2023<br />
Pop Growth<br />
Rate<br />
Median Age<br />
Per Capita<br />
Income<br />
Median<br />
Household<br />
Income<br />
2020-2023<br />
Pop Growth<br />
Rate<br />
Median Age<br />
KEY SPENDING FACTS<br />
KEY SPENDING FACTS<br />
$3,066<br />
$3,000 $1,797 $3,000<br />
$2,019<br />
$2,073<br />
$2,000 $1,906<br />
$2,000<br />
$735<br />
$1,000 $666<br />
$707 $1,000<br />
$782<br />
$3,478<br />
8<br />
$0 $0<br />
Travel Transportation Apparel Entertainment Furniture<br />
Travel<br />
Transportation<br />
Apparel<br />
Entertainment<br />
Furniture<br />
BLACK DIAMOND REALTY<br />
17
Exterior Office Main Entrance.<br />
North (Front) of the Building and Parking Lot.<br />
Front Overhead Door.<br />
East (Front) and North Side of the Building<br />
18 <strong>56</strong> DISTRIBUTOR DRIVE • INDUSTRIAL WAREHOUSE / OFFICE BUILDING • MORGANTOWN, WV
North Side of the Building.<br />
Back (West) Side of the Building, Overhead Door.<br />
South Side of the Building, Loading Docks.<br />
South Side of the Building, Loading Docks.<br />
BLACK DIAMOND REALTY<br />
19
Aerial Facing Northwest.<br />
20 <strong>56</strong> DISTRIBUTOR DRIVE • INDUSTRIAL WAREHOUSE / OFFICE BUILDING • MORGANTOWN, WV
Aerial Facing Northwest.<br />
Aerial Facing Southwest.<br />
Aerial Facing East.<br />
BLACK DIAMOND REALTY<br />
21
CONTACT<br />
BLACK DIAMOND REALTY LLC<br />
1399 Stewartstown Road, Suite 150<br />
Morgantown, WV 26505<br />
P. 304.413.4350 | F. 304.599.3285<br />
BlackDiamondRealty.net<br />
PRIMARY CONTACT<br />
Kim Licciardi, CCIM, Senior Associate<br />
M. 304.685.0891<br />
klicciardi@blackdiamondrealty.net