572 Central Dr - Light Distribution FOR SALE


Virginia Beach, VA 23454
$2,975,000 USD
757-478-9920
572 Central Dr, Virginia Beach, VA for Sale
$2,975,000 USD
Light Distribution - FOR SALE
1/9
null | Request Cap Rate

572 Central Dr
Virginia Beach, VA 23454


HIGHLIGHTS

  • 4 Tenant Office/Warehouse (flex) property with strong leasing history that enjoys very little down time on vacancies.
  • Opportunity for investor to own a stable asset with no deferred maintenance.
  • Potential owner/occupant investment opportunity. Suite #104 (6,477 SF) to be available August 1, 2025.
  • Excellent location in Oceana East Industrial Park and close to all submarket amenities.
  • Unique property sale due to severely limited office/warehouse assets on the market.

OVERVIEW

The building consists of a two-story brick faced and wood framed nicely appointed office portion. The warehouse portion is insulated and steel framed with 18’ clear height and a metal roof. There are four (4) individual suites with private entrances, large grade level warehouse doors, and abundant parking. The office roof was replaced with a new TPO membrane in 2017 and is under warranty through 2032. HVAC units replaced on 2 of the suites in 2024. The parking lot was sealed and re-striped in 2023 and the property has been well maintained leaving no immediate deferred maintenance or upcoming capital expenditures.

FOR SALE DETAILS

PRICE

$2,975,000 USD

PRICE/SF

$142 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1998

UTILITIES

-

CLEAR CEILING HT

16 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.29

LAND SF

56,192

ZONING

I1

APN/PARCEL ID

1496-77-2339

ASK ABOUT THIS PROPERTY

757-478-9920

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757-478-9920

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