20,000 SF Warehouse IOS Investment Sale | I-64 Corridor

Commonwealth Commercial Partners, LLC is pleased to present the Offering Memorandum for 121 Midpoint Drive, a newly constructed, fully leased two-building office/warehouse (IOS) investment located in Goochland County, Virginia. The property totals 21,120± square feet across two 10,560 SF pre-engineered metal buildings situated on 7.5± acres of fenced and graveled heavy-industrial land.

The asset is 100% leased to two tenants under NNN lease structures, providing durable cash flow with limited landlord responsibilities restricted to roof and structure. The tenant lineup includes Henkels & McCoy (a Mastec subsidiary) and NLS Technologies, both servicing infrastructure-driven industries including data center construction, utilities, and event staging. These uses benefit from long-term secular demand and regional growth trends. Property features include M-2 heavy industrial zoning, 18′–21′ clear heights, multiple 14′ - 12′ drive-in doors, and expansive outdoor storage capacity, making the site well-suited for equipment-intensive and fleet-oriented users. The combination of functional improvements and yard area positions the property as a scarce IOS offering within the submarket.

121 Midpoint Drive is strategically located along the Interstate 64 corridor, providing efficient access to both Greater Richmond and Charlottesville. Louisa County continues to gain recognition as the industrial and commercial midpoint between these markets, supported by population growth, expanding development along the Lake Anna corridor, and a favorable business environment.

Offered at a 6.5% capitalization rate, 121 Midpoint Drive represents an opportunity to acquire a new-construction, low-maintenance industrial asset with strong tenancy, contractual rent escalations, and exposure to a supply constrained regional industrial market.