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Mid-peninsula Medical Center 401 Oyster Point Rd 17,840 SF 100% Leased Office Building Newport News, VA 23602 $4,300,000 ($241.03/SF) 6.43% Cap Rate
INVESTMENT HIGHLIGHTS
- Highly visible and easily accessible area
- Income producing asset
EXECUTIVE SUMMARY
Outstanding investment opportunity in the heart of Newport News! This 17,840 sq. ft. medical office building features three fully leased units, providing immediate and stable income. Strategically located in a highly visible and easily accessible area, the property is surrounded by established businesses, medical providers, and retail amenities. With strong tenancy in place and professional curb appeal, this property offers investors a turnkey, income-producing asset in a thriving corridor. Ideal for those seeking a reliable commercial investment in a prime location.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
17,840 SF
Building Class
B
Year Built
1990
Price
$4,300,000
Price Per SF
$241.03
Cap Rate
6.43%
NOI
$276,490
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
17,840 SF
Building FAR
0.32
Lot Size
1.27 AC
Zoning
C1
AMENITIES
- Signage
- Monument Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 150.00-01-23 | Improvements Assessment | $2,172,100 |
| Land Assessment | $573,100 | Total Assessment | $2,745,200 |
PROPERTY TAXES
Parcel Number
150.00-01-23
Land Assessment
$573,100
Improvements Assessment
$2,172,100
Total Assessment
$2,745,200
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Mid-peninsula Medical Center | 401 Oyster Point Rd
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