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Office For Sale • 20,360 SF
| 100% leased across eight tenants with a weighted average lease term of 2.1 years. |
| Immediate access to Independence Boulevard and close proximity to I-264 for regional connectivity. |
| Located minutes from Town Center of Virginia Beach and surrounded by retail, dining, and business amenities. |
| Year 1 in-place NOI of $237,989, representing an 8.1% capitalization rate. |
| Opportunities for lease renewals and rent adjustments given below-market rental rates. |
| Offered at $2,950,000, significantly below replacement cost benchmarks. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Norfolk (Northeast Regional - Amtrak) | 15 min | - | 10.0 mi |
| Airport | Drive | Walk | Distance |
| Norfolk International | 16 min | - | 7.4 mi |
| Newport News/Williamsburg International | 48 min | - | 31.9 mi |
Clark Simpson
Colliers | Virginia
Clark Simpson
Colliers | Virginia
