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1104 Jensen Dr
Virginia Beach, VA 23451
Flex Property For Sale
Investment Highlights
- ±4,000 SF of well-balanced flex space featuring an approximate 50/50 mix of office and warehouse
- Easy access to major arterial roads and interstates, including I-264 and I-64
- Zoned I-1 (Light Industrial), allowing for a broad range of business and industrial uses
- In-place tenant, Mihaly Contracting, with a lease term through March 2027, generating stable cash flow
- Well-configured layout offering a reception area, five (5) private offices, kitchenette, two (2) restrooms and warehouse space
Executive Summary
1104 Jensen Drive presents an opportunity for both investors and future owner-occupants. Located in the Owl Creek Commerce Center within Virginia Beach’s Lynnhaven Submarket, this ±4,000 SF single-tenant f lex building offers a blend of industrial and office space on a 0.22-acre lot. The property is currently leased to Mihaly Contracting through March 2027, providing immediate income for investors. Upon lease expiration, owner-occupants can take advantage of the versatile layout and strategic location.
Property Facts
Property Taxes
| Parcel Number | 2417-43-4300-0001 | Improvements Assessment | $315,600 |
| Land Assessment | $59,600 | Total Assessment | $375,200 |
Property Taxes
Parcel Number
2417-43-4300-0001
Land Assessment
$59,600
Improvements Assessment
$315,600
Total Assessment
$375,200
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