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Multi-tenant Commercial Building for Sale 3150-3160 Magic Hollow Blvd 12,000 SF 65% Leased Office Building Virginia Beach, VA 23453 $1,800,000 ($150/SF) 8.02% Cap Rate
Investment Highlights
- Centrally Located in Va Beach
- Close Proximity to I-264
- Fully Leased Investment Opportunity
Executive Summary
Multi-tenant office / retail building on two parcels totaling 1.73 Acres that is fully leased and located in the Lynnhaven Submarket of Virginia Beach
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
12,000 SF
Building Class
B
Year Built/Renovated
1974/2023
Price
$1,800,000
Price Per SF
$150
Cap Rate
8.02%
NOI
$144,348
Percent Leased
65%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,000 SF
Building FAR
0.16
Lot Size
1.73 AC
Opportunity Zone
Yes
Zoning
PDH1 - B2
Parking
32 Spaces (2.87 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Day Care
- Fenced Lot
- Signage
- Reception
- Storage Space
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- CST with Liz
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Families United Support Services
- -
- -
-
$9.99
-
Lorem Ipsum
- -
- JCS Care From Above
- Health Care and Social Assistance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- The Moonchild's Collection
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| CST with Liz | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Families United Support Services | - | - | $9.99 | Lorem Ipsum | - | |
| JCS Care From Above | Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| The Moonchild's Collection | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1496-11-8866 | Total Assessment | $919,600 |
| Land Assessment | $269,700 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $649,900 | Tax Year | 2025 |
Property Taxes
Parcel Number
1496-11-8866
Land Assessment
$269,700
Improvements Assessment
$649,900
Total Assessment
$919,600
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Multi-tenant Commercial Building for Sale | 3150-3160 Magic Hollow Blvd
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