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Inlet Fitness South 2336 Elson Green Ave 32,000 SF 100% Leased Retail Building Virginia Beach, VA 23456 $9,900,000 ($309.38/SF) 6.42% Cap Rate

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Executive Summary

Just signed major gym to an 11 year lease, taking 22,450 sq ft of the 32,000 building. The building is 100% occupied.

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Health Club

Building Size

32,000 SF

Building Class

Year Built/Renovated

2007/2023

Price

$9,900,000

Price Per SF

$309.38

Cap Rate

6.42%

NOI

$635,205

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Building FAR

0.26

Lot Size

2.80 AC

Zoning

B2 - General Business District

Parking

209 Spaces (6.53 Spaces per 1,000 SF Leased)

Frontage

100’ on Elson Green Ave

Dedicated Turn Lane

Pylon Sign

Signage

1 1

Map
Traffic

Moderately walkable

60/100

Very drivable

80/100

Limited public transit

30/100

Moderately bikeable

60/100

Source: Local Logic^®

(757) 286-8377

Contact

Robert Zirpoli
Diversified, Inc.

Listing ID: 25551594
Date on Market: 4/26/2022
Last Updated:
Address: 2336 Elson Green Ave, Virginia Beach, VA 23456

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2336 Elson Green Ave, Virginia Beach, VA for sale Building Photo- Image 1 of 8 — Primary Photo

2336 Elson Green Ave, Virginia Beach, VA for sale Building Photo- Image 2 of 8 — MONUMENT PF

2336 Elson Green Ave, Virginia Beach, VA for sale Building Photo- Image 3 of 8 — COMING SOON PF

2336 Elson Green Ave, Virginia Beach, VA for sale Building Photo- Image 4 of 8 — Building Photo

2336 Elson Green Ave, Virginia Beach, VA for sale Building Photo- Image 5 of 8 — Building Photo

2336 Elson Green Ave, Virginia Beach, VA for sale Building Photo- Image 6 of 8 — SIGN TO BE UPDATE TO Pf

2336 Elson Green Ave, Virginia Beach, VA for sale Building Photo- Image 7 of 8 — Building Photo

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Inlet Fitness South | 2336 Elson Green Ave

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