OfficeWarehouse 22,400 sqft 100% fully rented
- $3,500,000 Active
-
- Street Address
- 2028 Virginia Beach Boulevard,
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- Category
- COMMERCIAL REAL ESTATE
- Posted Date
- Jan 05 2021
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- Country
- US
- State
- Virginia
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- City
- Virginia Beach
- Zipcode
- 23454
Trade interests
Property Features
• Office / Showroom / Warehouse facility located at the convergence of Laskin Rd, Virginia Beach Blvd, and I-264
• Split face concrete block and metal building constructed in 2005; 4,000 SF warehouse expansion completed in 2015
• T8 warehouse lighting; Reznor natural gas heaters; security system in place; 150 SF warehouse office, and separate warehouse restroom
• Fully leased, 2 quality tenants, 5-year leases with 5 year options
• 12/19 – 12 /20 NOI: $198,787.50; 6.6% CAP Rate
• 12/20 – 12 /21 NOI: $204,779.00; 6.8% CAP Rate
• 12/21 – 12 /22 NOI: $210,922.42; 7.0% CAP Rate
• Triple net lease; operating expenses $1.40 SF
• Sales price: $2,990,000.00
Specifications Total Building Size Office/Showroom/ Customer Service Warehouse Loading: Clear Height Power Zoning Parking Outside Storage 22,355 SF on 1.54 acres 4,610 SF 15,790 SF (including 2,751 SF concrete load bearing mezzanine with forklift access) Two dock doors (9’w x 10’h) and one grade level door (12’w x 12’h) 23’9” to 25’ 3-phase/208/120v/4-wire system I-1; APZ-2 and Noise Zone 75 DNL restrictions; no Navy Air Easement restrictions 26 dedicated spaces Fenced and gated rear yard
related Assets
Virginia, US 23452
