Fully Occupied Executive Center Office FOR SALE


Norfolk, VA - Hunter's Square
$4,900,000 USD
954-902-5258
, Norfolk, VA for Sale
$4,900,000 USD
Office - FOR SALE
1/5
null | 7.58% Cap Rate

Fully Occupied Executive Center
Norfolk, VA
Hunter's Square


HIGHLIGHTS

  • Fully leased multi-tenant medical center featuring a strong tenant mix and stable income profile.
  • Established tenants include DaVita Dialysis and multiple healthcare service providers, ensuring consistent occupancy and long-term stability.
  • Diverse rent roll with staggered lease expirations through 2035, reducing rollover risk and providing predictable cash flow.
  • Below-market rent levels present a significant opportunity for income growth upon renewals or re-tenanting.
  • Strategically located within the Norfolk medical corridor, a thriving submarket experiencing robust healthcare demand and expansion.
  • Attractive yield supported by an NOI of $371,464 and a 7.38% capitalization rate.

OVERVIEW

Sands Investment Group is pleased to exclusively offer the Fully Occupied Executive Center located at 1711 Church St in Norfolk, VA. This fully leased, multi- tenant center features established tenants, including DaVita Dialysis and a variety of healthcare service providers. The property benefits from a diverse rent roll with staggered lease expirations through 2035 and below-market rents, providing significant upside potential on renewals. This represents a unique and compelling investment opportunity in a strong Norfolk submarket.

ASK ABOUT THIS PROPERTY

Bralon PattersonSands Investment GroupMore Info
954-902-5258

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Bralon PattersonSands Investment GroupMore Info
954-902-5258

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