The economy is booming.
Low unemployment
,
rising interest rates
and
heightened consumer confidence
are optimistic macroeconomic signs of an expanding economy. Hotel occupancy rates are increasing, another sign of a robust economy. West Virginia tourism officials have celebrated a significant uptick in hotel occupancy in year over year travel. Hotel stays are great for our regional economy as it means folks are supporting our local businesses while paying a lodging tax.
CLICK HERE
to read more about hotel occupancy rates on the rise.
Where can you find an investment with a double digit cap rate for an asset less than five years old which has 600+ feet of interstate frontage and exposure of 50,000 vehicles per day? Even better, where can you find all that plus a “hands off” scenario? Black Diamond has an opportunity generating significant interest.
The asset 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 being close to numerous restaurants and big box retailers. The hotel is experiencing strong occupancy and ADR. The hotel has been voted Choice’s Suburban Hotel of the Year four times since it was constructed. Click the blue button below to review our detailed marketing flyer.
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Financial and other information is available upon submission of a signed Confidentiality Agreement. Click the orange button above to obtain the CA for the Suburban Extended Stay Hotel. Please return all signed CAs to
David Lorenze
by emailing them to
dlorenze@blackdiamondrealty.net
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WVU Mountaineers Defeat Tennessee Volunteers 40 to 14
I-79 and West Virginia’s country roads took several members of the BDR team southbound for WVU’s clash with Tennessee. Charlotte is a beautiful, newer, sprawling city with a vibrant mix of restaurants, bars and entertainment including Uptown’s Epicentre. On game day, Charlotte’s hot, humid weather did little to dampen the mood of Mountaineer nation. West Virginia’s favorite team played intense, hard-nosed football from start to finish.
The result... a
40-14 victory
over the 10th winningest program (833 victories) in NCAA college football history. Wrapped arm and arm, thousands of Mountaineers enjoyed singing our favorite tune, Country Roads. The six hour journey felt faster carrying home a big victory filled with Mountaineer pride. West Virginia University’s 746th victory was a sweet one!
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300 Wedgewood Drive building prepares for $1 Million in renovations
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The former medical office at
300 Wedgewood Drive
will be undergoing renovations to upgrade its space providing the building some much needed “aesthetic love.”
The building will be a versatile space that incorporates all types of businesses. The buyer is
investing more than $1 million
to redevelop the property. The funds for the renovations will allow the buyer to redesign the interior and exterior - permitting more creative liberty to make it a modern space.
Click
HERE
to read the full article.
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Investment
WVU Medicine Campus, Morgantown, WV
- 30,399 (+/-) square feet of gross building area across three buildings
- 201 Bakers Ridge Road, Office
- 205 Bakers Ridge Road, Office
- 215 Everhart Drive, Warehouse
- 1.63 Acres, Leased Parcel
- 5.03 acres
- WVU Health System rated A2 by Moody's and A by S&P
- Located within Ridgeview Business Park, just 0.5 mile from Route 119
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Medical/Professional Office
Healthplex - 51 Southland Drive, Fairmont, WV
- Three units available for lease located in the left wing of the Fairmont Regional Medical Center Healthplex building
- Unit 1: 3,728 (+/-) square feet
- Unit 2: 1,349 (+/-) square feet
- Unit 3: 3,745 (+/-) square feet
- 10,328 (+/-) square feet available for sale
- Pharmacy suite with drive-thru
- Visible from the interstate
- Located off of Route 250, about 0.5 mile south of the I-79 South Fairmont, Exit 132
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Retail/Restaurant
63 Don Knotts Blvd, Morgantown, WV
- 5,062 (+/-) square feet available across two floors
- Off-street parking lot
- Highly visible - situated along high traffic corridor (Route 119)
- Signage opportunities
- Space can be subdivided
- Off-street parking lot
- Located 2.5 miles from I-68, Exit 1
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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.
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“Real Service. Real Value. Real Results.”
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