617 Regional Dr - Warehouse FOR SALE


Hampton, VA 23661- Crystal Lakes/Powhatan Park
$4,000,000 USD
757-287-8424
617 Regional Dr, Hampton, VA for Sale
$4,000,000 USD
Warehouse - FOR SALE
1/14
null | Request Cap Rate


HIGHLIGHTS

  • Located in Copeland Park with easy access to interstate and all of Hampton Roads.
  • Rare opportunity to acquire a "Cadillac" machine shop facility.
  • Facilitated by both dock and ground height overhead doors.

OVERVIEW

5 Year Lease (3 Years remain on initial term) Tenant has 5-year option to renew $20,000 / month rent NNN - 2% annual escalations This property is a 34,568 industrial facility developed in phases from 1992 to 1995. The main building is a 26,364 square foot masonry and metal exterior. The shop area includes cranes. The is a two-story office build-out in a portion of the main building consisting of approximately 5,200 sf which was completed in 1992. In addition, there are three free-standing, metal exterior, light industrial buildings (with cranes also) which range in size from 2,100 to 3,560 sf. The property is in very good condition and has been well maintained.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$116 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

UTILITIES

-

CLEAR CEILING HT

22 Ft

DOCKS

1

DRIVE INS

4

PARKING SPACES

60

LAND DETAILS

LAND ACRES

2.99

LAND SF

130,244

ZONING

M3

APN/PARCEL ID

1000117

ASK ABOUT THIS PROPERTY

Tom WaltzCampana Waltz Commercial Real Estate, LLCMore Info
757-287-8424

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Tom WaltzCampana Waltz Commercial Real Estate, LLCMore Info
757-287-8424

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