This monthly newsletter serves to
reflect
on the past year’s successes and challenges. Two thousand eighteen was a
record-breaking year
for Black Diamond and many other companies in north central WV. We exceeded our annual goals and added two strong team members, Chris Waters and Jeff Wise. North central West Virginia continues to be the shining star for the state and other areas are seeing growth as well.
A recent article in the Dominion Post announced the improvement of West Virginia’s quality of life rating from 46
th
to 44
th
nationally (
Source: United Health Foundation's America's Health Rankings 2018
). We feel encouraged by this growth and remember that West Virginia’s story will continue to evolve over time. Consistent growth, while maintaining a focus on the big picture, is imperative to keep West Virginia moving forward. What does the big picture look like? What should we focus on? Many believe economic growth should focus on recession-resistant industries such as healthcare, education and government. Concurrently, we need to increase the number of technology jobs and promote the continued growth of the energy sector.
Momentum is building. Click on the button below to visit some of the
key takeaways
from 2018.
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Black Diamond Realty closed out the year by
successfully securing two high profile sales
. The process was exciting and challenging. Our clients put significantly reduced timelines on both deals. Each client instructed our team to secure buyers and ensure both assets closed before year end. Achieving a year-end closing was an important financial planning detail that tied to tax benefits/consequences. In representing these sellers, Black Diamond Realty secured both buyers.
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The first investment offering was titled
WVU Medicine Campus at Ridgeview Business Park.
The offering consisted of three buildings, totaling 30,399 (+/-) square feet, with a 1.63 acre lot, collectively sitting on 5.03 (+/-) acres. All parcels are leased to WVU Health System which is a credit rated tenant.
• 15 signed confidentiality agreements.
• 4 offers.
• Cash buyer secured.
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The second offering is a
Suburban Extended Stay Hotel
that fronts I-70 at The Highlands (Cabela’s) exit in Triadelphia (Wheeling), WV. Constructed in 2012-2013, this 120-room hotel is well-positioned in the heart of the Marcellus/Utica shale O&G plays while close to numerous restaurants and big box retailers. The hotel has been voted Choice’s Suburban Hotel of the Year four times since it was constructed.
• 17 signed confidentiality agreements.
• 4 offers.
• Cash buyer secured.
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Our team took on the challenge,
diligently and aggressively executed our process
and
closed each asset the last two weeks of December
. We embrace the opportunity for similar challenges in this new year. Black Diamond Realty is grateful for the trust and confidence from so many supporters. On behalf of our entire team, we wish you health, happiness and prosperity in 2019...and beyond.
Click on the button below to review all of Black Diamond Realty's 2018, Quarter 4 closed transactions.
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On December 27th, a few of the Black Diamond team members gathered together to serve dinner for the guests of
Rosenbaum Family House
. The team prepared delicious tacos for roughly 30-40 people with assortment of festive Christmas cookies and donuts from Peace, Love and Little Donuts for dessert.
As it is every year, the overwhelming joy and gratitude was a wonderful gift in itself. For information about the Rosenbaum Family House, and how you can help, click the button below.
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Investment
Cambridge Place, Bridgeport, WV
- Four buildings (27,646 total square feet)
- 100% Occupancy
- 8% cap rate
- Premier Class A office park
- National tenants
- Pristine landscaping
- Close to many amenities (hotels, restaurants, shopping, etc.)
- Located within one mile of I-79, Exit 119 (Route 50)
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Investment
Student Housing Portfolio, Morgantown, WV
- Nine buildings (27,646 total square feet)
- Five apartment buildings
- Four residential houses
- 2.51 acre lot
- Convenient access/walking distance to the fast growing Evansdale and Health Sciences Campus areas of WVU
- Off street parking spaces
- Within close proximity to all supporting goods and services
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Office/Warehouse
179 Innovation Drive, Jane Lew, WV
- Four buildings (33,225 total square feet)
- 25,225 square feet Office
- 8,000 square foot shop
- 17.51 total acres
- Private offices
- Laydown yard
- Interstate visibility
- Secure property with fencing along the perimeter and controlled access
- Located 0.5 mile from I-79, Exit 105
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Our new website is live!
The
user-friendly functionality combined with the new, clean design will make your experience on our website even more enjoyable.
Click on the button below to check it out.
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We want to make it as easy as possible for our clients to find exactly what they are looking for. Whether it be for office, industrial, retail, land, or investment, we take pride in all of our offerings and believe each one has something special. Click the images below to see what's new in our inventory and on our online auction platform.
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View All Office Offerings
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View All Industrial Offerings
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View All Investment Offerings
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View All Retail/Restaurant Offerings
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View Current Online Auctions
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“Real Service. Real Value. Real Results.”
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