2501 Almeda Ave - Flex FOR SALE


Norfolk, VA 23513- Foxhall
$3,900,000 USD
804-697-3420
2501 Almeda Ave, Norfolk, VA for Sale
$3,900,000 USD
Flex - FOR SALE
1/9
null | 6.25% Cap Rate

2501 Almeda Ave
Norfolk, VA 23513
Foxhall


HIGHLIGHTS

  • Recently renovated with over $420,000 in upgrades, including new roof and LED lighting.
  • Heavy power (2,400 amps), 16'-20' clear heights, two drive-in doors, and one dock well.
  • Mission-critical defense contractor HQ with a corporately guaranteed lease.
  • Located near Norfolk Naval Station, Port of Virginia, and Norfolk International Airport.
  • Strong submarket fundamentals with occupancy above 97% and rising rental rates.

OVERVIEW

Norfolk Defense Manufacturing Center offers a rare, mission-critical industrial investment opportunity in the heart of Norfolk, Virginia. This ±23,700-square-foot facility, situated on ±2.06 acres, is fully leased to Rivencore Global Solutions, a leading defense contractor specializing in advanced maritime systems for the U.S. Navy. The property serves as Rivencore’s U.S. headquarters and primary manufacturing hub, supporting mission-critical testing, repair, and installation programs. Completely renovated in 2025 with over $420,000 in capital improvements, the facility features a new roof with a 20-year warranty, LED lighting, upgraded finishes, heavy power (2,400 amps), and a fully conditioned warehouse with 16'-20' clear heights. Additional enhancements include updated signage, life safety systems, and dock/leveler upgrades. The building offers two drive-in doors and one dock well, ensuring operational efficiency for specialized defense manufacturing. Strategically located within Norfolk Commerce Park, the property provides immediate access to I-64 and is just 10 minutes from Norfolk Naval Station—the world’s largest naval base—and in close proximity to JEB Little Creek-Fort Story, Norfolk International Airport, and multiple Port of Virginia terminals. This infill location benefits from strong industrial fundamentals, limited supply, and high barriers to entry, making it an ideal long-term investment in a defense-driven market.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

1

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.06

LAND SF

89,734

ZONING

BC-O

APN/PARCEL ID

15045000

ASK ABOUT THIS PROPERTY

Bo McKownCushman & Wakefield | ThalhimerMore Info
804-697-3420

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Bo McKownCushman & Wakefield | ThalhimerMore Info
804-697-3420

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