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
1/5
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 August 31, 2031. Second floor and 1st floor have been updates with new finishes.

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

A

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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