1630 Braeburn Dr - Office FOR SALE


Salem, VA 24153
$1,150,000 USD
540-982-2444
1630 Braeburn Dr, Salem, VA for Sale
$1,150,000 USD
Office - FOR SALE
1/11
null | 7.65% Cap Rate

1630 Braeburn Dr
Salem, VA 24153


HIGHLIGHTS

  • Fully Net Leased
  • Great Location
  • Ample Parking
  • Minimal Landlord/Owner Responsibilities
  • HVAC Updated November 2020
  • Recently Renovated

OVERVIEW

1630 Braeburn Drive is a fully net leased, single tenant office property offering a new owner a strong investment with very minimal ownership responsibilities and work. This +/-7,400 SF building on 0.43 acres includes a new 5-year, NNN lease with multiple renewal options and received all new paint and flooring throughout at the time of lease securement. At a 7.6% CAP, $155.40 PSF valuation, this property is priced very competitively to our current market conditions and will be a strong, secure investment to any owner for years to come. Call Zack May with Poe and Cronk Real Estate Group at (540)855-3643 for more information.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$155 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

HBD

APN/PARCEL ID

0632-63-168795

ASK ABOUT THIS PROPERTY

Zachary MayPoe & Cronk Real Estate GroupMore Info
540-982-2444

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Zachary MayPoe & Cronk Real Estate GroupMore Info
540-982-2444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.