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953 Norfolk Sq 7,812 SF Flex Building Norfolk, VA 23502 $1,311,034 CAD ($167.82 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 Under Contract
| Price | $1,311,034 CAD | Lot Size | 0.56 AC |
| Price Per SF | $167.82 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 | $1,311,034 CAD |
| Price Per SF | $167.82 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
- $13.66 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 | $13.66 CAD | Triple Net | Feb 2030 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 16779100 | Improvements Assessment | $742,919 CAD |
| Land Assessment | $198,704 CAD | Total Assessment | $941,623 CAD |
Property Taxes
Parcel Number
16779100
Land Assessment
$198,704 CAD
Improvements Assessment
$742,919 CAD
Total Assessment
$941,623 CAD
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953 Norfolk Sq
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