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5000 Portsmouth Blvd 4,018 SF 100% Leased Office Building Portsmouth, VA 23701 $1,919,390 CAD ($477.70 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy traffic and visibility because property is off of Portsmouth Blvd.
- High cash flow with long term tenants and low operating costs.
- Vacant lot that can be developed doubling number of current units.
EXECUTIVE SUMMARY
9 Units totaling $133,620 in annual rents. This property is leased to 5 business owners and 4 residents (apartments). Fully occupied with long term tenants. Low operating expenses.
This is great for a 1031 exchange or an investor looking for a high cash flowing property. This property is directly off of Portsmouth Blvd and includes a large undeveloped lot which could be developed doubling the current number of units.
Please call my cell at 757-376-7237 with any questions or to schedule a showing.
This is great for a 1031 exchange or an investor looking for a high cash flowing property. This property is directly off of Portsmouth Blvd and includes a large undeveloped lot which could be developed doubling the current number of units.
Please call my cell at 757-376-7237 with any questions or to schedule a showing.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Building Size
4,018 SF
Building Class
C
Year Built
1940
Price
$1,919,390 CAD
Price Per SF
$477.70 CAD
Cap Rate
8%
NOI
$153,551 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,009 SF
Building FAR
0.12
Lot Size
0.76 AC
Zoning
OR-75 - Zoned for mixed used (apartments and business).
Parking
37 Spaces (9.21 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
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PROPERTY TAXES
| Parcel Number | 0424-0250 | Improvements Assessment | $140,725 CAD |
| Land Assessment | $298,416 CAD | Total Assessment | $439,142 CAD |
PROPERTY TAXES
Parcel Number
0424-0250
Land Assessment
$298,416 CAD
Improvements Assessment
$140,725 CAD
Total Assessment
$439,142 CAD
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5000 Portsmouth Blvd
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