$15,000,000 USD
248-980-3300
HIGHLIGHTS
- 98% Leased to 11 tenants
- 7 Dock High Doors
- The subject is within a mile of I-64, which provides convenient access to the entire regional expressway system
- Within a three-mile-radius, there are ±5.0M SF of industrial properties with a vacancy rate of ±0.3%
- 16' 5" Foot Ceiling Heights
- Option to buy adjacent 1.66-acre vacant parcel. Parcel has been fully entitled and approved for 16,000 SF building (contact broker for more info)
OVERVIEW
Friedman Real Estate is pleased to present this 81,426 SF Flex Space in Newport News, VA. The subject property has ±32,700 SF of warehouse space and ±48,800 SF of premier first floor office space. This site is 100% leased to 12 tenants with long-term historical occupancy. The subject property has been proactively and routinely maintained by ownership and is in great condition. Ownership has made over $350,000 worth of recent upgrades and maintenance to the property.
FOR SALE DETAILS
PRICE
$15,000,000 USD
PRICE/SF
$184 USD /SF
CAP RATE
7.2%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Technology Center
PROPERTY TYPE
Flex
PROPERTY SUBTYPE
Light Distribution
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1986
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
7
DRIVE INS
-
PARKING SPACES
370
LAND DETAILS
LAND ACRES
6.44
LAND SF
280,526
ZONING
C4
APN/PARCEL ID
196.00-01-96
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248-980-3300
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248-980-3300
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