Modular housing construction and development firm headquartered in Christiansburg, Virginia. Built by Mr. Alcorn, Sr. in 1960, Triangle was a 32-lane bowling center and 60-seat restaurant. Acquired in 1972, this sixteen-lane bowling and recreational center was operated by the Company with. Acquired in 1999, the Company purchased a three-bedroom house adjacent to Burch Apartments and.
Acquired in 1986, this complex is located in central Blacksburg VA, serving the student housing. If you are not satisfied that we have performed our obligations to you as agreed, please advise our management team of the problem and give us an opportunity to correct it. If we are unable to correct the problem to your satisfaction we will cancel your remaining lease obligations free of any penalty.
No legalese, no weasel clauses, and no drama. If we don't do everything we agree to do--promptly, professionally and to your satisfaction--you are not obligated to stay. Over the years we've learned that while no building is perfect, we can solve problems quickly and effectively to minimize disruptions to your business.
Acquired in 1986, this complex is located in central Blacksburg VA, serving the student housing. If you are not satisfied that we have performed our obligations to you as agreed, please advise our management team of the problem and give us an opportunity to correct it. If we are unable to correct the problem to your satisfaction we will cancel your remaining lease obligations free of any penalty.
No legalese, no weasel clauses, and no drama. If we don't do everything we agree to do--promptly, professionally and to your satisfaction--you are not obligated to stay. Over the years we've learned that while no building is perfect, we can solve problems quickly and effectively to minimize disruptions to your business.
Services
Park Commercial Real Estate is a family owned full service commercial real estate firm located in Blacksburg, Virginia.
We offer quality commercial office and retail space for lease throughout the New River and Roanoke Valleys.
What sets us apart is our pledge to our tenants; we guarantee your total satisfaction, and we put it in writing.
If you are not satisfied that we have performed our obligations to you as agreed, please advise the senior management team of a problem right away and give them an opportunity to correct the situation.
We offer quality commercial office and retail space for lease throughout the New River and Roanoke Valleys.
What sets us apart is our pledge to our tenants; we guarantee your total satisfaction, and we put it in writing.
If you are not satisfied that we have performed our obligations to you as agreed, please advise the senior management team of a problem right away and give them an opportunity to correct the situation.
We seek to acquire existing properties and potential development projects in select markets.
Preferred property types include multi- and single-tenant office and retail properties.
Our core market area includes the New River Valley and Roanoke Valley.
For select properties we may expand the market area to a 150-200 mile radius of Blacksburg, excluding WV.
We specialize in creating transaction structures to minimize tax effects to sellers.
We are experienced in utilizing IRC Sec.
1031 tax-deferred exchanges; structured sales; corporate spin-offs and sale/leasebacks.
Preferred property types include multi- and single-tenant office and retail properties.
Our core market area includes the New River Valley and Roanoke Valley.
For select properties we may expand the market area to a 150-200 mile radius of Blacksburg, excluding WV.
We specialize in creating transaction structures to minimize tax effects to sellers.
We are experienced in utilizing IRC Sec.
1031 tax-deferred exchanges; structured sales; corporate spin-offs and sale/leasebacks.
Preferably 10,000 square feet or more (minimum size somewhat dependent on distance from currently owned properties).
Single-level to mid-rise; flat or pitched roofs; individual or master-metered HVAC systems.
We look for value-add opportunities, including low-occupancy and significant deferred maintenance issues.
Special consideration given to properties with expansion potential.
Current valuation parameters for income-producing properties require a minimum 8% cap rate based on actual performance.
Single-level to mid-rise; flat or pitched roofs; individual or master-metered HVAC systems.
We look for value-add opportunities, including low-occupancy and significant deferred maintenance issues.
Special consideration given to properties with expansion potential.
Current valuation parameters for income-producing properties require a minimum 8% cap rate based on actual performance.
Approximate 150 mile radius from Blacksburg VA, including western NC and eastern TN, but excluding WV.
Location within the market is key to our interest.
We are generally interested in properties that may not be on the main drag, but close to it.
Current valuation parameters for income-producing properties require a minimum 8% cap rate based on actual performance.
For vacant or troubled operations we use replacement cost less renovation costs as base valuation.
If mortgage is to be assumed, copies of the Note, covenants and defeasance agreement, if any.
Location within the market is key to our interest.
We are generally interested in properties that may not be on the main drag, but close to it.
Current valuation parameters for income-producing properties require a minimum 8% cap rate based on actual performance.
For vacant or troubled operations we use replacement cost less renovation costs as base valuation.
If mortgage is to be assumed, copies of the Note, covenants and defeasance agreement, if any.
If you have a property available that you'd like us to consider for acquisition we'd be happy to hear from you.
All submissions will be held in strictest confidence and circulated solely to our in-house staff.
If you require a non-disclosure/non-circumvention agreement, please let us know in the comments section.
All submissions will be held in strictest confidence and circulated solely to our in-house staff.
If you require a non-disclosure/non-circumvention agreement, please let us know in the comments section.
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