2635 Nevada Ave
Norfolk, VA 23513 Ballentine Place

Sam Segar & Associates, Inc. is pleased to present a compelling leasing opportunity at 2635 Nevada Avenue, Norfolk, Virginia 23513 — a ±4,360 square foot industrial/flex building constructed in 2006 and ideally situated within Norfolk's established defense and maritime industrial corridor. The property offers prospective tenants a highly competitive all-in occupancy cost of $14.46 per square foot per annum on a Triple Net (NNN) basis, comprising a base rent of $13.00 PSF and estimated pass-through expenses of $1.46 PSF for real estate taxes and property insurance. Zoned I-L (Light Industrial) by the City of Norfolk and located within a designated Virginia Enterprise Zone, the property presents a rare combination of strategic location, institutional-quality construction, and financial flexibility for the right tenant.
The property's strategic positioning near Naval Station Norfolk — the world's largest naval station — Norfolk Naval Shipyard, and the Port of Virginia places it at the geographic and commercial heart of one of the nation's most resilient defense-industrial markets. Hampton Roads' industrial market continues to perform at the top of the regional cycle, with vacancy rates in the 7.1%–7.8% range as of Q1 2026 and average asking rents having risen 72.9% from 2020 levels — a reflection of sustained demand and severely constrained new supply. The subject property is ideally suited for defense contractors, maritime service providers, advanced manufacturers, government-adjacent tenants, and logistics and distribution operators seeking move-in-ready space in a proven industrial node. The property is available on a NNN lease structure with a preferred minimum term of three to five (3-5) years; longer terms are welcomed and encouraged.

• Date available: 90 Days
• Lease term: 3 - 5 Years
• Service type: Triple Net
• Space Type: Relet