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ASPECTOS DESTACADOS
- Prime location with excellent visibility along Azalea Garden Road and easy access to I-64.
- 13,100 SF available for owner-occupant or future tenant, including showroom and office space.
- Strong projected CAP rate of 11.11% with significant income growth potential.
- Two fully leased buildings with national and local tenants, providing stable income.
- Property features gated parking, monument signage, and new HVAC systems.
- Surrounded by major retailers, service businesses, and dense residential neighborhoods.
RESUMEN EJECUTIVO
This is a prime investment opportunity in Norfolk, Virginia, featuring a ±33,100 SF multi-building property on ±1.98 acres along Azalea Garden Road. The asset is strategically positioned near major thoroughfares, including I-64 and E. Little Creek Road, providing excellent regional connectivity and visibility. The property is zoned C-C (Community Commercial District), making it suitable for a variety of commercial uses.
The site includes three buildings, two of which are fully leased to established tenants, including a national brand, Sixt Rent-A-Car, ensuring stable income. Building A, totaling 13,100 SF, is available for an owner-occupant or future tenant, offering a mix of 6,100 SF showroom space and 7,000 SF of new office area. The property features two access points, fenced and gated parking, monument signage, and all new HVAC units. Ceiling heights range from 9 to 22 feet, and the property is equipped with single-phase power (600 amp / 240v).
With a current NOI of $253,900 and a projected NOI of $433,501, this property offers strong income potential and an attractive projected CAP rate of 11.11%. The asking price is $3,900,000 ($117.82 PSF), making this an exceptional opportunity for investors seeking a stabilized asset with upside in a growing market.
The site includes three buildings, two of which are fully leased to established tenants, including a national brand, Sixt Rent-A-Car, ensuring stable income. Building A, totaling 13,100 SF, is available for an owner-occupant or future tenant, offering a mix of 6,100 SF showroom space and 7,000 SF of new office area. The property features two access points, fenced and gated parking, monument signage, and all new HVAC units. Ceiling heights range from 9 to 22 feet, and the property is equipped with single-phase power (600 amp / 240v).
With a current NOI of $253,900 and a projected NOI of $433,501, this property offers strong income potential and an attractive projected CAP rate of 11.11%. The asking price is $3,900,000 ($117.82 PSF), making this an exceptional opportunity for investors seeking a stabilized asset with upside in a growing market.
INFORMACIÓN DEL EDIFICIO
| Precio | 3.322.683 € | Número de inmuebles | 2 |
| Precio/m² | 951,20 € / m² | A la venta individualmente | 0 |
| Rentabilidad | 9,54 % | Tamaño total del edificio | 3.493 m² |
| Tipo de venta | Inversión o usuario propietario | Superficie total del terreno | 1,6 ha |
| Estado | Activo |
| Precio | 3.322.683 € |
| Precio/m² | 951,20 € / m² |
| Rentabilidad | 9,54 % |
| Tipo de venta | Inversión o usuario propietario |
| Estado | Activo |
| Número de inmuebles | 2 |
| A la venta individualmente | 0 |
| Tamaño total del edificio | 3.493 m² |
| Superficie total del terreno | 1,6 ha |
INMUEBLES
| NOMBRE DEL INMUEBLE/DIRECCIÓN | TIPO DE INMUEBLE | Tamaño | AÑO DE CONSTRUCCIÓN | PRECIO INDIVIDUAL |
|---|---|---|---|---|
|
B
7851 Azalea Garden Rd, Norfolk, VA 23518 |
Flex | 1.951 m² | 1994 | - |
|
A
7851 Azalea Garden Rd, Norfolk, VA 23518 |
Flex | 1.542 m² | 1994 | - |
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7851 Azalea Garden Rd
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