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1225 Cedar Rd 4,400 SF 100% Leased Office Building Chesapeake, VA 23322 $4,679,559 CAD ($1,063.54 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
$4,679,559 CAD
Price Per SF
$1,063.54 CAD
Cap Rate
5%
NOI
$233,978 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 (10 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0460000001430 | Improvements Assessment | $1,609,873 CAD |
| Land Assessment | $908,819 CAD | Total Assessment | $2,518,692 CAD |
Property Taxes
Parcel Number
0460000001430
Land Assessment
$908,819 CAD
Improvements Assessment
$1,609,873 CAD
Total Assessment
$2,518,692 CAD
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1225 Cedar Rd
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