2131 Cromwell Rd - Light Manufacturing FOR SALE


Norfolk, VA 23504- Ballentine Place
$1,200,000 USD
757-286-1783
2131 Cromwell Rd, Norfolk, VA for Sale
$1,200,000 USD
Light Manufacturing - FOR SALE
1/9
null | 7.2% Cap Rate

2131 Cromwell Rd
Norfolk, VA 23504
Ballentine Place


OVERVIEW

Two-building industrial office/warehouse 10,334 SF on 0.7586 acre No landlord responsibilities Leased to Rainbow International through 10.31.2032 3.5% rent increases every three years in initial 10-year term Two 5-year renewal options with 2% annual rent increases Enterprise Zone

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$129 USD /SF

CAP RATE

7.2%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.76

LAND SF

33,106

ZONING

I-1

APN/PARCEL ID

42285001

ASK ABOUT THIS PROPERTY

Michael ZarpasGlobal Real Estate InvestmentMore Info
757-286-1783

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Michael ZarpasGlobal Real Estate InvestmentMore Info
757-286-1783

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