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Guardian Building 309 County St 13,661 SF 100% Leased Office Building Portsmouth, VA 23704 $2,580,262 CAD ($188.88 CAD/SF) 8.40% Cap Rate
Executive Summary
Riddle Associates is pleased to offer the opportunity to acquire 309 County St, Portsmouth, VA. A Fully Leased 2- Story Class B office building in the heart of Downtown Portsmouth.
This well maintained asset offers strong in-place income, a strong national and local tenant mix, recent capital improvements, and walkable access to restaurants, waterfront attractions, the locally famous Portsmouth Ferry, and convenient proximity to I-264 and I-464.
Adjacent properties are owned and occupied by the City of Portsmouth.
Please note- Do not disturb Tenants.
Sale Price: $1,880,000
Building Size: 15,524
Land: 0.99ac/ 43,124sf
Year Built: 1986
Zoning: T6 ( Mixed Unit Development)
NOI: $157,995
Cap Rate: 8%
Building Suites: Fully Leased (5 total suites)
This well maintained asset offers strong in-place income, a strong national and local tenant mix, recent capital improvements, and walkable access to restaurants, waterfront attractions, the locally famous Portsmouth Ferry, and convenient proximity to I-264 and I-464.
Adjacent properties are owned and occupied by the City of Portsmouth.
Please note- Do not disturb Tenants.
Sale Price: $1,880,000
Building Size: 15,524
Land: 0.99ac/ 43,124sf
Year Built: 1986
Zoning: T6 ( Mixed Unit Development)
NOI: $157,995
Cap Rate: 8%
Building Suites: Fully Leased (5 total suites)
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
13,661 SF
Building Class
B
Year Built
1985
Price
$2,580,262 CAD
Price Per SF
$188.88 CAD
Cap Rate
8.40%
NOI
$216,845 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,762 SF
Building FAR
0.32
Lot Size
0.99 AC
Zoning
D-1 - Mixed Usage
Parking
100 Spaces (7.32 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Bus Line
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- DriveERT
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| DriveERT | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0007-0920 | Improvements Assessment | $1,800,343 CAD |
| Land Assessment | $571,208 CAD | Total Assessment | $2,371,551 CAD |
Property Taxes
Parcel Number
0007-0920
Land Assessment
$571,208 CAD
Improvements Assessment
$1,800,343 CAD
Total Assessment
$2,371,551 CAD
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Guardian Building | 309 County St
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