Positioned at the gateway to Oyster Point, the business epicenter of the Virginia Peninsula, 11721 Jefferson Avenue presents a rare opportunity to acquire a fully leased, income-producing office asset with enduring appeal. This single-story building spans 8,095 square feet and sits on approximately 1.48 acres with prime frontage along Jefferson Avenue, offering excellent visibility and access via a signalized intersection.
The property features a diverse and stable tenant mix including legal, financial services, and medical professionals. With over 87% of the gross leasable area secured under leases with approximately five years remaining, investors benefit from minimal near-term rollover and consistent cash flow. Annual rent escalations of 3–4% further enhance the in-place net operating income of $106,725, yielding an attractive 8.2% cap rate.
Surrounding amenities such as City Centre at Oyster Point, Port Warwick, Marketplace at Tech Center, and Patrick Henry Mall contribute to the location’s vibrancy and tenant retention. Offered significantly below replacement cost, this asset is ideally suited for a 1031 exchange, combining strong fundamentals with long-term upside in one of Newport News’ most desirable commercial corridors.