108,296 Square Foot Office Space For Sale @ 4240 Cox Rd

ESTATE SALE OFFERING Cushman & Wakefield Thalhimer, as exclusive advisor, is pleased to offer for sale two Class A Office Buildings strategically located in the Innsbrook Corporate Center, in Glen Allen Virginia. These buildings are being sold to settle the Estates of the deceased owners. The offering consists of a two-building complex totaling ±109,847 SF within the Innsbrook Office Park in Glen Allen, Virginia. It consists of the ±70,883 SF three-story 4300 Cox and ±38,964 SF two-story 4240 Cox. This Estate Sale provides a buyer with significant potential to enhance value through leasing and strategic property enhancement. INVESTMENT HIGHLIGHTS ±109,847 SF vacant two-building multi-tenant office complex in Glen Allen, VA Excellent corporate headquarters location or value-add investment Situated within the Innsbrook Office Park, which contains numerous Fortune 500 Companies 4300 Cox built in 1989 - 3-story ±70,883 SF 4240 Cox built in 2000 - 2-story ±38,964 SF Situated within a ±7.88 Acre park-like setting with courtyard between buildings Includes ±476 surface parking spaces 4300 Cox contains a full building generator Monument signage available along Cox Road SIGNIFICANT POTENTIAL TO ENHANCE VALUE In order to facilitate the settlement of an Estate, Ownership has elected to sell the buildings through the online auction process in conjunction with Ten-X. The Properties are anticipated to sell at auction at significantly below current replacement costs. Both buildings are currently vacant, providing a significant value-add opportunity through leasing up the complex. Each floor creates a natural divider, allowing for up to five tenants without further subdivision. Alternatively, the Property could be purchased by an owner user looking to use the complex as their corporate headquarters. A+ LOCATION – INNSBROOK CORPORATE CENTER These highly visible building are strategically located along Cox Road within the Innsbrook Corporate Center a vibrant ±850 acre mixed use development that is home to many Fortune 500 companies and is clearly Richmond’s premier office/business park. Innsbrook is the largest suburban office park and the densest employment center, outside the CBD, in the region. The submarket benefits from its proximity to I-64 and Broad Street, two of the most traveled corridors in Richmond and is surrounded by some of Richmond’s wealthiest zip codes. Amenities abound along Broad Street and in the burgeoning Short Pump area which is directly west of the office park. Innsbrook Office Park is home to over 400 companies employing approximately 23,000 employees in 128 office buildings. Innsbrook contains approximately 8 million square feet of office space, three lakes totaling ±37 acres enhanced by decks and fountains, five miles of paved trails and additional amenities including the West Broad Street Retail Corridor as well as over 100 events each year like the Richmond Corporate Games, Innsbrook Classic Golf Tournament and Central Virginia’s longest-running mid-week concert series, Innsbrook After Hours. Innsbrook is the largest suburban office park and the densest employment center, outside the CBD, in the region. Innsbrook.com ECONOMIC OPPORTUNITY 4300 & 4240 Cox Road represent one of the largest blocks of Suburban Office Space available for lease in the Richmond market. The buildings have the potential to generate significant cash flow being located in the Innsbrook Corporate Center that consistently generates the highest rental rates among all suburban office parks in the area. The desirability of the location is evidenced by the fact that the Innsbrook submarket has the lowest vacancy rate in the Richmond area which currently stands at ±7.74%. Tenants have moved from across the region to take advantage of the synergy of the tenant mix of Innsbrook and the amenities it offers. Direct asking rents are now approaching $21.00 /PSF. AFFLUENT DEMOGRAPHICS 4300 & 4240 Cox Road are located within Glen Allen, VA, a suburb ±14.8 miles to the northwest of Richmond. It is situated just off of five major highways, Interstates 64, 295, and 95, and Routes 33 and 250, and is ±22.6 miles from Richmond International Airport. The area is also serviced by one passenger and two freight railroads, served by Amtrak, Norfolk Southern, and CSX respectively. Glen Allen is located within Henrico County, Virginia, and is considered to be a suburb of the state capital, Richmond. The 2016 total population within a five-mile radius was ±178,335 and is expected to grow by ±5.48% over the next 5 years. In 2016, the average age was ±38.3 years old, and ±53.1% of the population held college degrees. CNN/Money Magazine ranked Glen Allen at #1 for years 2007 and 2009 in its annual *Top 100 Places to Live* list. PROPERTY TOURS Prospective purchasers are asked to contact Evan Magrill or Dean Meyer with Cushman & Wakefield Thalhimer to arrange specific times for property tours.