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Technology Center 813 Diligence Dr 81,426 SF 100% Leased Flex Building Newport News, VA 23606 $21,104,999 CAD ($259.19 CAD/SF) 7.20% Cap Rate



Investment Highlights
- 98% Leased to 11 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
Property Facts Under Contract
| Price | $21,104,999 CAD | Lot Size | 6.44 AC |
| Price Per SF | $259.19 CAD | Rentable Building Area | 81,426 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.20% | Year Built/Renovated | 1986/2024 |
| Property Type | Flex | Parking Ratio | 4.54/1,000 SF |
| Property Subtype | Light Distribution | No. Dock-High Doors/Loading | 7 |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | C4 | ||
| Price | $21,104,999 CAD |
| Price Per SF | $259.19 CAD |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| 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 |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
Allegiance Home Care Services is a privately held, Medicare-certified home health agency founded at least by June 2012 (per NPI registration). Headquartered in Newport News, Virginia, the firm operates from a primary office on Diligence Drive, with a mailing location on Canon Boulevard. Services include skilled nursing, physical, occupational, and speech therapy, as well as home health aide support, delivered directly to patients’ homes. The agency is noted by CMS for its quality initiatives and jump-started its certifications in May 2020.
Butler’s Empire HHC is located in Newport News they are a new agency that’s now accepting new clients Long Term Care, Medicaid, and private pay insurance they are licensed and bonded also have Credentialing and all employees are certified, if you are interested in letting Butler’s Empire HHChelp you with your love ones with daily living activities in the comfort of their home, Butler’s Empire HHC will strive to meet all expectations.
Capital Electric began in the late 1920s and grew into an electrical distribution business serving contractors, builders, and end-users. The company supplies electrical products, lighting, and specialized services across commercial, residential, industrial, government, lighting, and OEM markets. Capital Electric also supports project management, material management, industrial automation, on-site inventory management, lighting design, wire management, warehousing, and logistics support. The business operates as part of the Sonepar network and serves customers across the Mid-Atlantic and Southeast through a wide branch network and distribution system.
The Casey Auto Group was founded by the late Arthur M. Casey in 1958 as a single franchise dealership. Today the Casey organization is still a family owned and operated business headed by Arthur S. Casey, alongside a dedicated and talented staff, and consists of 6 locations in Newport News and Williamsburg. Now with 8 American and Import vehicle lines from entry level to high-line luxury, the Casey Auto Group continues to meet and exceed Hampton Roads' transportation needs.
Curtis Contracting began in 1985 as a Virginia Class A contractor and has grown into a construction business focused on civil, highway, road, bridge, and infrastructure work for public and private clients. The company handles site development, building construction, general contracting, and design-build projects across federal, state, county, and local work. Curtis Contracting is organized into multiple divisions, including civil, heavy highway, road and bridge maintenance, federal, building, bridge, and asphalt paving operations. The company also performs project management, maintenance of traffic, roadway paving and widening, barrier modifications, guardrail installation, erosion and sediment controls, and survey services.
The staff at Enterprise Academy is a caring professional team, which provides a unique educational program dedicated to encourage growth of young individuals. They provide a safe and structured environment in which students can make the choices that will bring positive changes within their lives and will enable them to become contributing members of society and lifelong learners.
Kelly Services is a publicly traded staffing and workforce solutions company founded in 1946 by William Russell Kelly. Headquartered in Troy, Michigan, the firm pioneered the modern temporary staffing industry and now operates globally across North America, EMEA, and APAC regions. Kelly provides services through four main segments: Professional & Industrial, Science, Engineering & Technology, Education, and Outsourcing & Consulting. Its offerings include temporary staffing, direct-hire placement, recruitment process outsourcing, and managed service provider solutions. The company serves diverse industries such as healthcare, education, engineering, IT, and finance. Kelly Services employs over 6,000 full-time staff and connects more than 450,000 people with work annually. It is listed on NASDAQ under the ticker symbol KELYA.
The kind and caring staff at Knead to Heal have passion for helping clients and patients on their path to recovery with therapeutic massage. They are committed to exceptional service. They guarantee each client will leave them feeling pampered, relaxed, and refreshed. Their massage therapists are highly trained and complete continuing education every year to improve skills and to learn new techniques.
The mission of Point Option is to foster personal and academic growth in non-traditional students with diverse learning styles, utilizing a small, supportive and challenging environment. The Point Option School program offers a unique opportunity for students to experience teaching and learning in a non-traditional way. It also offers students of ability and determination a "second chance" to recapture credits and/or to accelerate their graduation in order to enter the workforce or post-secondary education. As a teaching and learning community, Point Option emphasizes personal responsibility and self-reliance as keys to student success.
Power Solutions began in 1998 and was founded by former electricians, building a business around electrical work for demanding environments. The company focuses on electrical construction, design/build, testing, service and maintenance, communications and voice/data, fire alarm and life safety, control wiring, and IT services and support. Its projects center on mission-critical facilities such as data centers, hospitals, medical laboratories, telecommunications centers, government sites, and military institutions, giving the company a broad presence across infrastructure-heavy verticals.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Health Care and Social Assistance | - | - | - | ||
|
Health Care and Social Assistance | - | - | - | ||
|
Manufacturing | - | - | - | ||
|
Retailer | - | - | - | ||
|
Construction | - | - | - | ||
|
Educational Services | - | - | - | ||
|
Administrative and Support Services | - | - | - | ||
|
Services | - | - | - | ||
|
Educational Services | - | - | - | ||
|
Construction | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl-Ste 115
- 26,838 SF
- Office
- Full Build-Out
- 30 Days
- 1st Fl-Ste 121-B
- 650 SF
- Office
- Full Build-Out
- 30 Days
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 115 | 26,838 SF | Office | Full Build-Out | 30 Days |
| 1st Fl-Ste 121-B | 650 SF | Office | Full Build-Out | 30 Days |
1st Fl-Ste 115
| Size |
| 26,838 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl-Ste 121-B
| Size |
| 650 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 30 Days |
Property Taxes
| Parcel Number | 196.00-01-96 | Improvements Assessment | $14,178,761 CAD |
| Land Assessment | $1,768,036 CAD | Total Assessment | $15,946,797 CAD |
Property Taxes
Presented by
Company Not Provided
Technology Center | 813 Diligence Dr
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