2501 Almeda Ave 23,700 SF 100% Leased Flex Building Norfolk, VA 23513 $3,900,000 ($164.56/SF) 6.25% Cap Rate

Norfolk Defense Manufacturing Center offers a rare, mission-critical industrial investment opportunity in the heart of Norfolk, Virginia. This ±23,700-square-foot facility, situated on ±2.06 acres, is fully leased to Rivencore Global Solutions, a leading defense contractor specializing in advanced maritime systems for the U.S. Navy. The property serves as Rivencore’s U.S. headquarters and primary manufacturing hub, supporting mission-critical testing, repair, and installation programs.
Completely renovated in 2025 with over $420,000 in capital improvements, the facility features a new roof with a 20-year warranty, LED lighting, upgraded finishes, heavy power (2,400 amps), and a fully conditioned warehouse with 16'-20' clear heights. Additional enhancements include updated signage, life safety systems, and dock/leveler upgrades. The building offers two drive-in doors and one dock well, ensuring operational efficiency for specialized defense manufacturing.
Strategically located within Norfolk Commerce Park, the property provides immediate access to I-64 and is just 10 minutes from Norfolk Naval Station—the world’s largest naval base—and in close proximity to JEB Little Creek-Fort Story, Norfolk International Airport, and multiple Port of Virginia terminals. This infill location benefits from strong industrial fundamentals, limited supply, and high barriers to entry, making it an ideal long-term investment in a defense-driven market.