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Executive Summary

Flex property with 24-hour access, a security system, signage, reception area, storage space, and more!

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • Unit B1
  • 999 SF
  • Office
  • $273,705 CAD ($273.98 CAD/SF)
  • $32,414.74 CAD
Sale Type Investment or Owner User
Cap Rate 11.84%
Description
This particular space was previously used as for a religious organization. Previous Tenant is a construction company.
Sale Notes
This 900 SF space is For Sale for $120,000. The space is located at 5121 E Virginia Beach Blvd in the 15,057 SF building.
Unit Unit Size Condo Use Price NOI
Unit B1 999 SF Office $273,705 CAD ($273.98 CAD/SF) $32,414.74 CAD

Unit B1

Unit Size
999 SF
Condo Use
Office
Price
$273,705 CAD ($273.98 CAD/SF)
NOI
$32,414.74 CAD

Unit B1

Unit Size 999 SF
Condo Use Office
Price $273,705 CAD ($273.98 CAD/SF)
NOI $32,414.74 CAD
Sale Type Investment or Owner User
Cap Rate 11.84%
Description
This particular space was previously used as for a religious organization. Previous Tenant is a construction company.</li></ul>
Sale Notes
This 900 SF space is For Sale for $120,000. The space is located at 5121 E Virginia Beach Blvd in the 15,057 SF building.</li></ul>

Property Facts

The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 15,057 SF
Property Type Flex (Condo)
Property Subtype
Light Distribution
  • Flex Showroom
  • Industrial Warehouse
  • Office Office Residential
Building Class C
Floors 1
Typical Floor Size 15,057 SF
Year Built 1986
Tenancy Single
Lot Size 1.04 AC
Parking Ratio 1.93/1,000 SF
Zoning C-2 - Central Commercial

Amenities

  • 24 Hour Access
  • Security System
  • Signage
  • Reception
  • Storage Space
  • Monument Signage
  • Air Conditioning

Utilities

  • Lighting - Incandescent
  • Water - City
  • Sewer - City
  • Heating - Electric
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
20/100

Major Tenant Information

TENANT SF Occupied LEASE END DATE
McCoy Plumbing Heating & AC 3,011 SF -
No Family Left Behind 1,800 SF -
Salon Proteje 1,506 SF -
Strong Ridge Construction LLC 1,200 SF -
Construction company 900 SF December 2019
  • Listing ID: 16001353

  • Date on Market: 2018-01-08

  • Last Updated:

  • Address: 5121 E Virginia Beach Blvd, Norfolk, VA 23502

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