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953 Norfolk Sq 7,812 SF Flex Building Norfolk, VA 23502 $1,340,083 CAD ($171.54 CAD/SF) 8.14% Cap Rate
INVESTMENT HIGHLIGHTS
- Fresh 5 Year Lease
- Low Maintenance Investment
- Strong Market Fundamentals
EXECUTIVE SUMMARY
Fresh 5 Year NNN Lease
Prime Norfolk Industrial Park
Prime Norfolk Industrial Park
PROPERTY FACTS
| Price | $1,340,083 CAD | Lot Size | 0.56 AC |
| Price Per SF | $171.54 CAD | Rentable Building Area | 7,812 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 8.14% | Year Built | 1968 |
| Property Type | Flex | Tenancy | Single |
| Property Subtype | Flex Research & Development | Parking Ratio | 1.02/1,000 SF |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Zoning | BC-1 | ||
| Price | $1,340,083 CAD |
| Price Per SF | $171.54 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 8.14% |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | B |
| Lot Size | 0.56 AC |
| Rentable Building Area | 7,812 SF |
| No. Stories | 1 |
| Year Built | 1968 |
| Tenancy | Single |
| Parking Ratio | 1.02/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | BC-1 |
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Professional, Scientific, and Technical Services
- 7,812 SF
- $13.96 CAD
- Triple Net
- Feb 2030
For over 38 years, Stevenson Consulting has provided consulting services to architects, developers, engineers, and contractors. They commit to quality in every project they are involved in. Stevenson Consulting, Inc., is a certified small business by the Virginia Department of Small Business & Supplier Diversity.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Professional, Scientific, and Technical Services | 7,812 SF | $13.96 CAD | Triple Net | Feb 2030 |
1 1
PROPERTY TAXES
| Parcel Number | 16779100 | Improvements Assessment | $763,966 CAD |
| Land Assessment | $204,333 CAD | Total Assessment | $968,299 CAD |
PROPERTY TAXES
Parcel Number
16779100
Land Assessment
$204,333 CAD
Improvements Assessment
$763,966 CAD
Total Assessment
$968,299 CAD
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953 Norfolk Sq
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