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2414 Granby St 4,761 SF 100% Leased Flex Building Norfolk, VA 23517 $951,948 CAD ($199.95 CAD/SF) 7.92% Cap Rate

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Investment Highlights

Fully refurbished in 2022
2 occupants

Fully rented

Executive Summary

Investment opportunity. Fully leased Building, refurbished in 2022 with adjacent Lot for storage or parking. Good 'Ghent' location 5 minutes from Downtown Norfolk. 2 separate leases to the same organization. Apartment lease is an annual one-year lease. The 1st Floor lease expires in March 2026 with 3 one-year options to extend. All rents current and paid on time. 1031 exchange opportunity.

2414 2418 Granby Street

Offerring 2414 Granby

Property Facts

Price	$951,948 CAD	Lot Size	0.06 AC
Price Per SF	$199.95 CAD	Rentable Building Area	4,761 SF
Sale Type	Investment	No. Stories	2
Cap Rate	7.92%	Year Built/Renovated	1917/2022
Property Type	Flex Office Office Residential	Parking Ratio	1.89/1,000 SF
Building Class	B	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	I-1 - I-1

Price	$951,948 CAD
Price Per SF	$199.95 CAD
Sale Type	Investment
Cap Rate	7.92%
Property Type	Flex Office Office Residential
Building Class	B
Lot Size	0.06 AC
Rentable Building Area	4,761 SF
No. Stories	2
Year Built/Renovated	1917/2022
Parking Ratio	1.89/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	I-1 - I-1