Medical Offices /VA /Norfolk City County /Norfolk /5665 Lowery Rd
Medical Offices /VA /Norfolk City County /Norfolk /5665 Lowery Rd

5665 Lowery Rd - Medical FOR SALE


Norfolk, VA 23502- Crown Point | 
$3,500,000 USD
757-560-5476
5665 Lowery Rd, Norfolk, VA for Sale
$3,500,000 USD
Medical - FOR SALE
1/8
null | 7.39% Cap Rate
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5665 Lowery Rd
Norfolk, VA 23502
Crown Point

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HIGHLIGHTS

  • Ample parking. Cross easement agreement increases parking spaces from 36 to 66 spaces.
  • Walking distance to bus stop
  • Direct access from Lowery Road and Raby Road
  • Close proximity to area restaurants
  • Easy access to I-64 and I-264

OVERVIEW

Seller will master lease 6,964 sf on second floor if not leased at time of sale. 1st floor lease in place until April 30, 2027 with 1 - three year Option Period.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$235 USD /SF

CAP RATE

7.39%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

office/medical

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

I-L

APN/PARCEL ID

00002309

ASK ABOUT THIS PROPERTY

John MerendaJMS CommercialMore Info
757-560-5476

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John MerendaJMS CommercialMore Info
757-560-5476

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