Asking Price Contact for pricing
Sq. Footage 44,938
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1984

Property Description

A two-property office portfolio for sale, available together or individually, with 132, 138 sq. ft. of office space located in Chesapeake, VA, part of the Norfolk, VA MSA and the Hampton Roads region of Virginia and North Carolina. The fee simple interest property is leased to a roster of well-known national tenants such as Cannon Information technology Services (Cannon, U.S.A.), LabCorp, and Map Communications. Both buildings feature attractive lobby and common areas, professionally landscaped grounds and lots of amenities nearby. The Greenbrier submarket is one of Hampton Roads premier office submarkets and features the corporate headquarters of Fortune 500 and S&P 500 component Dollar Tree (NASDAQ: DLTR). Additional major corporations such as CTDI, Cox Communications, the Federal Bureau of Investigations and HSBC all lease over 100,000 square feet of office space in the Greenbrier submarket.

Investment Highlights

  • Fee simple interest
  • Buildings are 87% leased between LabCorp and MAP Communications 
  • LabCorp has 10 years of primary term remaining; Map Communications has 5 years of primary term remaining
  • Additional major corporations such as CTDI, Cox Communications, the FBI, and HSBC all lease over 100,000 sq. ft. of office space in the Greenbrier submarket 
  • Exceptional rent growth throughout both lease terms
Taylor Wolfes
SVP, Capital Markets
Gregg Christoffersen
Gregg Christoffersen
Associate Director
Licensed in
VA- 0225030327

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