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1419 Cedar Rd
Chesapeake, VA 23322
Konikoff Medical Office Building · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Please see link to access the OM. https://www.divaris.com/properties/?propertyId=1183846-sale
EXECUTIVE SUMMARY
1419 Cedar Road is a two-story medical office building located in the well-established Southern Chesapeake submarket. The submarket contains 720,000 square feet of office space, and the vacancy rate stands at just 5.4%. The property benefits from a highly visible location directly across from Tidewater Community College’s Chesapeake campus.
Developed in 2006, this two-story property measures 15,638 square feet and is the home to Dental Care Alliance and Cedar Road Medical Associates, part of the Bayview Medical Group family.
Developed in 2006, this two-story property measures 15,638 square feet and is the home to Dental Care Alliance and Cedar Road Medical Associates, part of the Bayview Medical Group family.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
15,638 SF
Building Class
B
Year Built
2006
Price
$5,175,000
Price Per SF
$330.92
Cap Rate
6.92%
NOI
$358,300
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,819 SF
Building FAR
0.21
Lot Size
1.67 AC
Zoning
PUD
PROPERTY TAXES
| Parcel Number | 0464001000003 | Improvements Assessment | $3,161,300 |
| Land Assessment | $1,252,300 | Total Assessment | $4,413,600 |
PROPERTY TAXES
Parcel Number
0464001000003
Land Assessment
$1,252,300
Improvements Assessment
$3,161,300
Total Assessment
$4,413,600
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