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Konikoff Medical Office Building 1419 Cedar Rd 15,638 SF 100% Leased Office Building Chesapeake, VA 23322 $7,207,947 CAD ($460.93 CAD/SF) 6.92% Cap Rate
Investment Highlights
- Please see link to access the OM. https://www.divaris.com/properties/?propertyId=1183846-sale
Executive Summary
1419 Cedar Road is a two-story medical office building located in the well-established Southern Chesapeake submarket. The submarket contains 720,000 square feet of office space, and the vacancy rate stands at just 5.4%. The property benefits from a highly visible location directly across from Tidewater Community College’s Chesapeake campus.
Developed in 2006, this two-story property measures 15,638 square feet and is the home to Dental Care Alliance and Cedar Road Medical Associates, part of the Bayview Medical Group family.
Developed in 2006, this two-story property measures 15,638 square feet and is the home to Dental Care Alliance and Cedar Road Medical Associates, part of the Bayview Medical Group family.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
15,638 SF
Building Class
B
Year Built
2006
Price
$7,207,947 CAD
Price Per SF
$460.93 CAD
Cap Rate
6.92%
NOI
$499,055 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,819 SF
Building FAR
0.21
Lot Size
1.67 AC
Zoning
PUD
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0464001000003 | Improvements Assessment | $4,403,185 CAD |
| Land Assessment | $1,744,254 CAD | Total Assessment | $6,147,439 CAD |
Property Taxes
Parcel Number
0464001000003
Land Assessment
$1,744,254 CAD
Improvements Assessment
$4,403,185 CAD
Total Assessment
$6,147,439 CAD
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Konikoff Medical Office Building | 1419 Cedar Rd
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