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1630 Braeburn Dr
Salem, VA 24153
Office Property For Sale
Investment Highlights
- Fully Net Leased
- Ample Parking
- Competitive Pricing
- Great Location
- Minimal Landlord/Owner Responsibilities
- Recently Renovated
Executive Summary
1630 Braeburn Drive is a fully net leased, single tenant office property offering a new owner a strong investment with very minimal ownership responsibilities and work. This +/-7,400 SF building on 0.43 acres comes with a new 5-year, NNN lease and received all new paint and flooring throughout at the time of lease securement. At a 7.6% CAP, $155.40 PSF valuation, this property is priced very competitively to our current market conditions and should not last long. Call Zack May with Poe and Cronk Real Estate Group at (540)855-3643 for more information.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
7,400 SF
Building Class
B
Year Built/Renovated
1985/2025
Price
$1,150,000
Price Per SF
$155.41
Cap Rate
7.65%
NOI
$87,943
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,700 SF
Building FAR
0.40
Lot Size
0.43 AC
Zoning
HBD
Parking
29 Spaces (3.92 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 284-1-2.7 | Improvements Assessment | $528,800 |
| Land Assessment | $157,200 | Total Assessment | $686,000 |
Property Taxes
Parcel Number
284-1-2.7
Land Assessment
$157,200
Improvements Assessment
$528,800
Total Assessment
$686,000
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