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1630 Braeburn Dr 7,400 SF 100% Leased Office Building Salem, VA 24153 $1,150,000 ($155.41/SF) 7.65% Cap Rate
Investment Highlights
- Fully Net Leased
- Ample Parking
- HVAC Updated November 2020
- 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 includes a new 5-year, NNN lease with multiple renewal options 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 will be a strong, secure investment to any owner for years to come. 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
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Roanoke Refuge
- Services
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Roanoke Refuge | Services | - | - | Lorem Ipsum | Jan 0000 |
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
1630 Braeburn Dr