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Executive Summary

Flex property with 24-hour access, a security system, signage, reception area, storage space, and more!

Property Facts

Total Property Size 15,057 sq ft
Property Type Light Industrial (Unit)
Property Subtype
Light Distribution
  • Light Industrial Showroom
  • Industrial Warehouse
  • Office / Residential
Costar Property Class C
Floors 1
Typical Floor Size 15,057 sq ft
Year Built 1986
Tenancy Single
Total Plot Size 1.04 ac
Parking Allocation 1.93/1,000 sq ft
Use Class C-2 - Central Commercial

Amenities

  • 24 Hour Access
  • Security System
  • Signage
  • Reception
  • Storage Space
  • Monument Signage
  • Air Conditioning

Utilities

  • Lighting - Incandescent
  • Water - City
  • Sewer - City
  • Heating - Electric

1 Unit Available

Unit B1

Unit Size 999 sq ft
Price £149,614
Price Per sq ft £149.76
Unit Use Office
Sale Type Investment or Owner Occupier
Net Initial Yield 11.84%
NOI £17,718.75
Description

This particular space was previously used as for a religious organization. Previous Tenant is a construction company.

Sale Notes

This 900 SF space is For Sale for $120,000. The space is located at 5121 E Virginia Beach Blvd in the 15,057 SF building.

Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
20/100

Major Tenant Information

TENANT sq ft Occupied LEASE END DATE
McCoy Plumbing Heating & AC 3,011 sq ft -
No Family Left Behind 1,800 sq ft -
Salon Proteje 1,506 sq ft -
Strong Ridge Construction LLC 1,200 sq ft -
Construction company 900 sq ft December 2019
  • Listing ID: 16001353

  • Date on Market: 08/01/2018

  • Last Updated:

  • Address: 5121 E Virginia Beach Blvd, Norfolk, VA 23502

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