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3132 Lynnhurst Blvd
Chesapeake, VA 23321
Class A Office Building · Office Property For Sale
PROPERTY FACTS
ABOUT 3132 LYNNHURST BLVD , CHESAPEAKE, VA 23321
• Single Tenant Investment Property with AAA Credit - U.S. Government, Department of Veteran Affairs - Veteran’s Administration Office • Brand new twenty (20) year lease with the Department of Veterans Affairs signed in April, 2019; 10 Years Firm Term, with additional two (2) - five (5) Year Soft Terms • Located in the heart of Chesapeake, Virginia • Over $600,000 of Construction Build-Out/Tenant Improvements (completed in September, 2019) • Five percent (5%) rent increase after the initial 10 Year Firm Term • Operating Costs are based on $9.20 per Rentable Square Foot • Site is large enough to support an additional building up to 7,000 sq. ft.
PROPERTY TAXES
| Parcel Number | 0090000001310 | Improvements Assessment | $1,021,000 |
| Land Assessment | $624,000 | Total Assessment | $1,645,000 |
PROPERTY TAXES
