King Commerce Center 2010-2048 Exploration Way 32,500 SF 100% Leased Flex Building Hampton, VA 23666 $4,650,000 ($143.08/SF) 7.20% Cap Rate

Located in the King Commerce Center, this light industrial flex property at 2010-2048 Exploration Way provides a rare acquisition opportunity within the Hampton Roads area. 100% Occupied. Built in 2010, the single-story building offers versatile design features suitable for logistics, distribution, and service-oriented businesses. Clear ceiling heights of approximately 18 feet and multiple grade-level drive-in doors, along with one dock-high loading position, support efficient operations for a wide range of users.
The site includes ample on-site parking, with approximately 70 spaces available, accommodating both employees and visitor requirements. Modern utility infrastructure, including gas, heating, water, and sewer, ensures operational flexibility for the property. Its location within a well-established business park places it in close proximity to interstate corridors such as I-64, providing excellent transportation connectivity throughout Hampton Roads and beyond.
The surrounding area features a mix of commerce hubs and residential communities, just minutes from Hampton’s retail districts and regional amenities. Positioned within a dynamic submarket known for its growing industrial and service base, this property represents an appealing option for owner-users or investors seeking stabilized flex assets in a robust economic environment.