7851 Azalea Garden Rd - Showroom FOR SALE


Norfolk, VA 23518
$3,900,000 USD
757-286-0629
7851 Azalea Garden Rd, Norfolk, VA for Sale
$3,900,000 USD
Showroom - FOR SALE
1/6
null | 10.45% Cap Rate

7851 Azalea Garden Rd
Norfolk, VA 23518


HIGHLIGHTS

  • Potential 10% CAP Rate
  • Fenced and Gated Parking
  • $118.18 PSF
  • 13,300 SF Availability for Owner/Occupant or Future Tenant

OVERVIEW

Offered at $3,900,000, 7851 Azalea Garden Road combines the stability of a multi-tenant income stream with the rare ability for an investor or user to immediately control 13,300 SF on site. Existing tenants, including a national operator, generate strong cash flow supporting a projected NOI of $407,500 and potential 10% cap rate. This structure allows a buyer to collect income from the leased portions while simultaneously occupying or leasing the remaining space to create additional upside.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$235 USD /SF

CAP RATE

10.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7851 Azalea Garden Road

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1998

UTILITIES

Heating

CLEAR CEILING HT

22 Ft

DOCKS

-

DRIVE INS

15

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.98

LAND SF

86,249

ZONING

C-C

APN/PARCEL ID

32718702

ASK ABOUT THIS PROPERTY

Janet WhitbeckCushman & Wakefield | ThalhimerMore Info
757-286-0629

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Janet WhitbeckCushman & Wakefield | ThalhimerMore Info
757-286-0629

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