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6414 E Virginia Beach Blvd 3,546 SF Retail Building Norfolk, VA 23502 $1,705,300 CAD ($480.91 CAD/SF)
Executive Summary
16 Properties* / 21 leases Norfolk, Virginia
A 23 page brochure is attached explaining all 16 parcels. Page 18 relates to the parcel at 6414 Virginia Beach Boulevard., Norfolk, VA The ultimate buyer of these properties gains the opportunity to hit the ground running and be actively engaged in oversight and implementation of a proven real estate portfolio.
This cluster of occupied real estate is not a coupon clipping venture.
Besides net operating income of approximately $1,250,000.00, these closely held locally owned real estate holdings involve the full gambit of landlord responsibilities: Marketing signage and social media, interviewing prospects, lease drafting, zoning preservation, intermittent (not daily) maintenance and vendor selection and bidding for items like roofs, expansions, insurance coverage, rent collection, real estate tax payments or protests, annual IRS reporting and distribution of profits to owner(s)/investor(s).
The redacted rent roll on page iii of the brochure provides basic information with current rent rates available after signing a confidentiality agreement and basic introductions between buyer and seller.
*It is conceivable that some tenants may wish to purchase their occupied parcels, thus reducing the portfolio size and purchase price accordingly. This is an open listing paying 1% commission to agents/brokers not affiliated with the purchaser. The portfolio is on an "as-is and where-is" basis without representations except as to the existing lease documents. As of today, the portfolio will sell for $25MM (based on current NOI of $1.25MM increasing +/-3% per year). No parties are obligated until a mutually satisfactory agreement is entered into by all parties. Feel free to register your clients who have expressed an interest in having your efforts represent them in this portfolio and contact me for further information. Please do not market this to buyers of only specific parcels or to tenants who may want to purchase their occupied parcels.
For more information:
See attached brochure and
www.loopnet.com/Listing/6414-E-Virginia-Beach-Blvd-Norfolk-VA/17520677/
Lawrence Fleder
Lakebarb4@aol.com
757-623-1062 ext 213
A 23 page brochure is attached explaining all 16 parcels. Page 18 relates to the parcel at 6414 Virginia Beach Boulevard., Norfolk, VA The ultimate buyer of these properties gains the opportunity to hit the ground running and be actively engaged in oversight and implementation of a proven real estate portfolio.
This cluster of occupied real estate is not a coupon clipping venture.
Besides net operating income of approximately $1,250,000.00, these closely held locally owned real estate holdings involve the full gambit of landlord responsibilities: Marketing signage and social media, interviewing prospects, lease drafting, zoning preservation, intermittent (not daily) maintenance and vendor selection and bidding for items like roofs, expansions, insurance coverage, rent collection, real estate tax payments or protests, annual IRS reporting and distribution of profits to owner(s)/investor(s).
The redacted rent roll on page iii of the brochure provides basic information with current rent rates available after signing a confidentiality agreement and basic introductions between buyer and seller.
*It is conceivable that some tenants may wish to purchase their occupied parcels, thus reducing the portfolio size and purchase price accordingly. This is an open listing paying 1% commission to agents/brokers not affiliated with the purchaser. The portfolio is on an "as-is and where-is" basis without representations except as to the existing lease documents. As of today, the portfolio will sell for $25MM (based on current NOI of $1.25MM increasing +/-3% per year). No parties are obligated until a mutually satisfactory agreement is entered into by all parties. Feel free to register your clients who have expressed an interest in having your efforts represent them in this portfolio and contact me for further information. Please do not market this to buyers of only specific parcels or to tenants who may want to purchase their occupied parcels.
For more information:
See attached brochure and
www.loopnet.com/Listing/6414-E-Virginia-Beach-Blvd-Norfolk-VA/17520677/
Lawrence Fleder
Lakebarb4@aol.com
757-623-1062 ext 213
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,546 SF
Building Class
C
Year Built
1978
Price
$1,705,300 CAD
Price Per SF
$480.91 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.59 AC
Opportunity Zone
Yes
Zoning
C-2 - Intended for a wide range of commercial activities that require frequent public access.
Parking
20 Spaces (5.64 Spaces per 1,000 SF Leased)
Frontage
125’ on Virginia Beach Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
About 6414 E VIRGINIA BEACH BLVD , NORFOLK, VA 23502
Recently renovated. Great highway exposure near Newtown Rd. exit off of Interstate 264.
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- 3,500 SF
- -
- -
Leslie's Pool Supplies began in 1963 when Phil Leslie Jr. opened a single store in North Hollywood, California. The company expanded through the 1980s and 1990s via organic growth and acquisitions, including Sandy's Pool Supply. Today, Leslie's offers a wide range of pool chemicals, equipment, and cleaning supplies. The business also provides water testing services and spa maintenance products. Leslie's operates both physical retail locations and a robust e-commerce platform, maintaining its position as a key player in the pool supplies market through decades of industry presence.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | 3,500 SF | - | - |
Fairly walkable
50/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00016880 | Improvements Assessment | $319,599 CAD |
| Land Assessment | $354,296 CAD | Total Assessment | $673,896 CAD |
Property Taxes
Parcel Number
00016880
Land Assessment
$354,296 CAD
Improvements Assessment
$319,599 CAD
Total Assessment
$673,896 CAD
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6414 E Virginia Beach Blvd
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