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813 Diligence Dr
Newport News, VA 23606
Technology Center · Flex Property For Sale
INVESTMENT HIGHLIGHTS
- 100% Leased to 12 tenants
- The subject is within a mile of I-64, which provides convenient access to the entire regional expressway system
- 16' 5" Foot Ceiling Heights
- 7 Dock High Doors
- Within a three-mile-radius, there are ±5.0M SF of industrial properties with a vacancy rate of ±0.3%
- Option to buy adjacent 1.66-acre vacant parcel. Parcel has been fully entitled and approved for 16,000 SF building (contact broker for more info)
EXECUTIVE SUMMARY
Friedman Real Estate is pleased to present this 81,426 SF Flex Space in Newport News, VA. The subject property has ±32,700 SF of warehouse space and ±48,800 SF of premier first floor office space. This site is 100% leased to 12 tenants with long-term historical occupancy. The subject property has been proactively and routinely maintained by ownership and is in great condition. Ownership has made over $350,000 worth of recent upgrades and maintenance to the property.
PROPERTY FACTS
| Sale Type | Investment | Rentable Building Area | 81,426 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Flex | Year Built/Renovated | 1986/2024 |
| Property Subtype | Light Distribution | Parking Ratio | 4.54/1,000 SF |
| Building Class | B | No. Dock-High Doors/Loading | 7 |
| Lot Size | 6.44 AC | Opportunity Zone |
Yes
|
| Zoning | C4 | ||
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | B |
| Lot Size | 6.44 AC |
| Rentable Building Area | 81,426 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1986/2024 |
| Parking Ratio | 4.54/1,000 SF |
| No. Dock-High Doors/Loading | 7 |
| Opportunity Zone |
Yes |
| Zoning | C4 |
PROPERTY TAXES
| Parcel Number | 196.00-01-96 | Improvements Assessment | $14,200,024 CAD |
| Land Assessment | $1,770,688 CAD | Total Assessment | $15,970,711 CAD |
PROPERTY TAXES
Parcel Number
196.00-01-96
Land Assessment
$1,770,688 CAD
Improvements Assessment
$14,200,024 CAD
Total Assessment
$15,970,711 CAD
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