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501 & 503 Industry Drive Portfolio 2 Industrial Properties Offered at $2,050,000 in Hampton, VA



Investment Highlights
- The portfolio consists of two industrial warehouse properties offered together on separate parcels totaling approximately 1.707 acres.
- 501 Industry Drive is leased to Mobile Communications of America, which recently extended its tenancy.
- Regional access connects the asset to Newport News, Hampton, and Downtown Norfolk within the Hampton Roads metropolitan area.
- Both buildings are occupied by established communications and technology-related businesses with operating histories in the region.
- The properties are located within Hampton's industrial market near Copeland Industrial Park and major Peninsula employment centers.
- Existing income with identified rental upside provides an opportunity for future revenue growth.
Executive Summary
501 and 503 Industry Drive present an opportunity to acquire a two-building industrial portfolio in Hampton, Virginia. The offering consists of two separately parceled warehouse properties totaling 14,500 square feet situated on approximately 1.707 acres within an established industrial area. The portfolio benefits from existing tenancy and provides investors with in-place cash flow while offering future leasing and operational flexibility.
The larger facility at 501 Industry Drive contains 11,500 square feet and is occupied by Mobile Communications of America (MCA), a national communications technology company and Motorola partner. The tenant recently extended its lease term, reflecting continued occupancy at the property. The second facility at 503 Industry Drive contains 3,000 square feet and is occupied by Signal Engineering Corporation, a Virginia-based communications and security systems contractor. Both properties are leased, creating immediate income generation for a prospective owner.
The location offers access to major employment centers and industrial demand drivers throughout the Hampton Roads region. The property is positioned near Copeland Industrial Park and benefits from connectivity to Hampton, Newport News, and the broader Peninsula market. Nearby economic anchors include Newport News Shipbuilding, the Hampton Coliseum area, and regional commercial corridors that support industrial, logistics, communications, and contractor-oriented businesses. Downtown Norfolk is accessible within approximately 30 minutes, providing connectivity to one of the region's largest business centers.
The larger facility at 501 Industry Drive contains 11,500 square feet and is occupied by Mobile Communications of America (MCA), a national communications technology company and Motorola partner. The tenant recently extended its lease term, reflecting continued occupancy at the property. The second facility at 503 Industry Drive contains 3,000 square feet and is occupied by Signal Engineering Corporation, a Virginia-based communications and security systems contractor. Both properties are leased, creating immediate income generation for a prospective owner.
The location offers access to major employment centers and industrial demand drivers throughout the Hampton Roads region. The property is positioned near Copeland Industrial Park and benefits from connectivity to Hampton, Newport News, and the broader Peninsula market. Nearby economic anchors include Newport News Shipbuilding, the Hampton Coliseum area, and regional commercial corridors that support industrial, logistics, communications, and contractor-oriented businesses. Downtown Norfolk is accessible within approximately 30 minutes, providing connectivity to one of the region's largest business centers.
Property Facts
| Price | $2,050,000 | Status | Active |
| Price / SF | $141.38 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 7.27% | Total Building Size | 14,500 SF |
| Sale Type | Investment | Total Land Area | 1.70 AC |
| Price | $2,050,000 |
| Price / SF | $141.38 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 7.27% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 14,500 SF |
| Total Land Area | 1.70 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 501 Industry Dr, Hampton, VA 23661 | Industrial | 11,500 SF | 1965 | - |
| 503 Industry Dr, Hampton, VA 23661 | Industrial | 3,000 SF | 1997 | - |
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