5630 Lowery Rd - Medical FOR SALE
Norfolk, VA 23502 |
5630 Lowery Rd
Norfolk, VA 23502
HIGHLIGHTS
- HEALTHCARE REAL ESTATE – Medical Outpatient Buildings have a history of providing landlord-friendly tenants with favorable lease terms.
- VALUE-ADD OPPORTUNITY – With a 14% vacancy, this asset provides a value-add opportunity, allowing an investor to add a tenant to the rentroll.
- GROWING RENTS – Both tenants provide a 3% annual rental increase, creating a hedge against inflation and ensuring a growth of your investment dollars.
- IDEAL MEDICAL LOCATION – Various hospitals are within ±1.5 miles of this location, creating an ideal position for healthcare tenants.
- AFFLUENT MARKET – The average household income is over $82,105 within a 5 mile radius from this property.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
AUCTION-Anne Arundel Derm-$1.25M Starting Bid
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Fast Food, Freestanding, Storefront
TOTAL BUILDING SIZE
14650
STORIES
2
BUILDING CLASS
B
YEAR BUILT
2015
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
0.78 AC AC
LAND SF
33,977 SF
ZONING
-
APN/PARCEL ID
50000351
