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1225 Cedar Rd 4,400 SF 100% Leased Office Building Chesapeake, VA 23322 $4,717,706 CAD ($1,072.21 CAD/SF) 5% Cap Rate
Executive Summary
• ±4,786 SF single tenant building located in the heart of Great Bridge/Cedar Road corridor in Chesapeake!
• Excellent visibility; over 32K VPD on Cedar Road!
• Easy accessibility via the new Veterans Memorial Bridge, which connects to I-64, I-464, and the Chesapeake Expressway with Monument Signage
• Less than 1 mile from Publix (0.7 miles), Tidewater Community College Campus & Chesapeake Municipal Center on Albemarle Road.
• High residential growth projections, high household income & median home values, high daytime population
• Excellent visibility; over 32K VPD on Cedar Road!
• Easy accessibility via the new Veterans Memorial Bridge, which connects to I-64, I-464, and the Chesapeake Expressway with Monument Signage
• Less than 1 mile from Publix (0.7 miles), Tidewater Community College Campus & Chesapeake Municipal Center on Albemarle Road.
• High residential growth projections, high household income & median home values, high daytime population
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
4,400 SF
Building Class
B
Year Built/Renovated
1999/2025
Price
$4,717,706 CAD
Price Per SF
$1,072.21 CAD
Cap Rate
5%
NOI
$235,885 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,400 SF
Building FAR
0.11
Lot Size
0.88 AC
Zoning
B2 - Business
Parking
70 Spaces
1 1
Property Taxes
| Parcel Number | 0460000001430 | Improvements Assessment | $1,591,505 CAD |
| Land Assessment | $898,450 CAD | Total Assessment | $2,489,955 CAD |
Property Taxes
Parcel Number
0460000001430
Land Assessment
$898,450 CAD
Improvements Assessment
$1,591,505 CAD
Total Assessment
$2,489,955 CAD
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1225 Cedar Rd
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