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380 Cleveland Pl 11,780 SF Office Building Virginia Beach, VA 23462 $7,870,323 CAD ($668.11 CAD/SF) 7% Cap Rate

Office Spaces Virginia Virginia Beach 380 Cleveland Pl, Virginia Beach, VA 23462

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INVESTMENT HIGHLIGHTS

  • 15-YEAR NNN LEASE | 3.00% RENT INCREASES
  • CLINIC RELOCATION | MAJOR IMPROVEMENTS | ± $1,500,000 RENOVATION (2025)
  • PRIVATE EQUITY-BACKED | NORTH CASTLE PARTNERS
  • CORPORATE GUARANTEE | ENCORE VET GROUP
  • GROWING PET INDUSTRY
  • HIGH DENSITY AND GROWTH DEMOGRAPHICS

EXECUTIVE SUMMARY

Exclusively Listed By:
Carson Jeremiah | Associate Director | 469.949.7540 | cjeremiah@tradenetlease.com
Camille Renshaw | CEO & Co-Founder | 646.770.0659 | crenshaw@tradenetlease.com
In association with Kristen Zimmerman | VA License #: 0226031398

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Office
Building Size
11,780 SF
Building Class
B
Year Built
1984
Price
$7,870,323 CAD
Price Per SF
$668.11 CAD
Cap Rate
7%
NOI
$550,930 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
11,780 SF
Building FAR
0.24
Lot Size
1.15 AC
Zoning
I1 - Light Industrial
Parking
46 Spaces (3.9 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage

LINKS

1 1

PROPERTY TAXES

Parcel Number 1467-65-8469 Improvements Assessment $1,473,614 CAD
Land Assessment $634,233 CAD Total Assessment $2,107,847 CAD

PROPERTY TAXES

Parcel Number
1467-65-8469
Land Assessment
$634,233 CAD
Improvements Assessment
$1,473,614 CAD
Total Assessment
$2,107,847 CAD
(469) 949-7540

Still interested?

Contact the brokers for more information about this property

CONTACTS

  • Listing ID: 36992242

  • Date on Market: 2025-07-29

  • Last Updated:

  • Address: 380 Cleveland Pl, Virginia Beach, VA 23462

The Northwest Virginia Beach Office Property at 380 Cleveland Pl, Virginia Beach, VA 23462 is currently available. Contact B + E for more information.

OFFICE PROPERTIES IN NEARBY NEIGHBORHOODS

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380 Cleveland Pl
(469) 949-7540 x

380 Cleveland Pl

Carson Jeremiah
(469) 949-7540

Camille Renshaw
(646) 701-4536

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