225 W Olney Rd - Apartments FOR SALE


Norfolk, VA 23510- Downtown Norfolk
$65,000,000 USD
804-350-2109
225 W Olney Rd, Norfolk, VA for Sale
$65,000,000 USD
Apartments - FOR SALE
1/55
null | Request Cap Rate

225 W Olney Rd
Norfolk, VA 23510
Downtown Norfolk


HIGHLIGHTS

  • Top-of-Market- Amenities and Finishes
  • Accretive In-Place Financing
  • Surrounded by Key Drivers

OVERVIEW

Berkadia Virginia Investment Sales Team is proud to present the Fusion at Neon (the “Property”), a remarkable Class A asset located in Norfolk, VA. Completed in 2024, the Property features 239 units with contemporary, urban-inspired finishes and boasts a prime A+ location in the heart of Downtown Norfolk’s Neon District.

FOR SALE DETAILS

PRICE

$65,000,000 USD

PRICE/SF

$330 USD /SF

# OF UNITS

239

PRICE/UNIT

$271,967

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fusion @ NEON

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2024

PARKING SPACES

229

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

-

APN/PARCEL ID

31358886

ASK ABOUT THIS PROPERTY

Carter WoodBerkadiaMore Info
804-350-2109

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

Carter WoodBerkadiaMore Info
804-350-2109

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