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4525 South Blvd
Virginia Beach, VA 23452
Southport Centre · Bureau Propriété À vendre


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Faits saillants de l'investissement
- Class A office building with recent capital improvements, including HVAC and common area upgrades.
- Stabilized occupancy at 97.90% with a weighted average lease term of 5.6 years.
- Diverse tenant mix featuring publicly traded companies, medical offices, and financial institutions.
- Located in Virginia Beach Town Center submarket with immediate access to I-264.
- Above-market parking ratio with 308 spaces in a landscaped setting.
- Positioned in Hampton Roads’ most sought-after office market with strong fundamentals.
Résumé de l'annonce
Southport Centre presents a rare opportunity to acquire a Class A office building in the heart of Virginia Beach’s thriving Town Center submarket. This 62,330-square-foot property offers exceptional visibility along I-264 and sits within a professional park-like setting on nearly five acres. Recent capital improvements, including new HVAC systems and upgraded common areas, position the asset for long-term operational efficiency. The building is currently 96% leased, supported by a diverse tenant mix that includes publicly traded companies, defense contractors, and financial institutions.
The property benefits from an above-market parking ratio of over 5 spaces per 1,000 SF, ensuring convenience for tenants and visitors. With a weighted average lease term of 5.6 years and consistent rental escalations, investors can expect stable cash flow and strong credit tenancy. Located in the most in-demand office submarket in Hampton Roads, Southport Centre offers immediate access to major highways, proximity to Virginia Beach Town Center amenities, and a resilient rent roll that has demonstrated durability through market cycles. This combination of location strength, recent upgrades, and occupancy stability makes Southport Centre an attractive investment opportunity for long-term value creation.
The property benefits from an above-market parking ratio of over 5 spaces per 1,000 SF, ensuring convenience for tenants and visitors. With a weighted average lease term of 5.6 years and consistent rental escalations, investors can expect stable cash flow and strong credit tenancy. Located in the most in-demand office submarket in Hampton Roads, Southport Centre offers immediate access to major highways, proximity to Virginia Beach Town Center amenities, and a resilient rent roll that has demonstrated durability through market cycles. This combination of location strength, recent upgrades, and occupancy stability makes Southport Centre an attractive investment opportunity for long-term value creation.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Bureau
Taille du bâtiment
62 330 pi²
Classe d’immeuble
A
Année de construction
1997
Pourcentage loué
97%
Location
Multiples
Hauteur du bâtiment
3 étages
Superficie de plancher typique
20 464 pi²
Dalle à dalle
12’
Coefficient d’occupation des sols de l’immeuble
0,29
Taille du lot
4,96 AC
Zonage
I-1
Stationnement
308 places (4,94 places par 1 000 pi² loué)
Commodités
- Accès 24 heures
- Banque
- Cour
- Étang
- Bord de l’eau
Impôts fonciers
| Numéro de lot | 1477-61-0293 | Évaluation des bâtiments | 7 886 004 $ CAD |
| Évaluation du terrain | 1 884 625 $ CAD | Évaluation totale | 9 770 629 $ CAD |
Impôts fonciers
Numéro de lot
1477-61-0293
Évaluation du terrain
1 884 625 $ CAD
Évaluation des bâtiments
7 886 004 $ CAD
Évaluation totale
9 770 629 $ CAD
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