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AUCTION-Anne Arundel Derm-$1.25M Starting Bid 5630 Lowery Rd 14,650 SF 86% Leased Office Building Norfolk, VA 23502 $1,250,000 ($85.32/SF)
INVESTMENT HIGHLIGHTS
- HEALTHCARE REAL ESTATE – Medical Outpatient Buildings have a history of providing landlord-friendly tenants with favorable lease terms.
- GROWING RENTS – Both tenants provide a 3% annual rental increase, creating a hedge against inflation and ensuring a growth of your investment dollars.
- AFFLUENT MARKET – The average household income is over $82,105 within a 5 mile radius from this property.
- VALUE-ADD OPPORTUNITY – With a 14% vacancy, this asset provides a value-add opportunity, allowing an investor to add a tenant to the rentroll.
- IDEAL MEDICAL LOCATION – Various hospitals are within ±1.5 miles of this location, creating an ideal position for healthcare tenants.
EXECUTIVE SUMMARY
Kyle Matthews
License No. 226035518 ( VA )
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
License No. 226035518 ( VA )
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
14,650 SF
Building Class
A
Year Built
2015
Price
$1,250,000
Price Per SF
$85.32
Percent Leased
86%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,650 SF
Slab To Slab
12’
Building FAR
0.43
Lot Size
0.78 AC
Opportunity Zone
Yes
AMENITIES
- Bus Line
1 1
PROPERTY TAXES
| Parcel Number | 50000351 | Improvements Assessment | $2,118,400 |
| Land Assessment | $442,800 | Total Assessment | $2,561,200 |
PROPERTY TAXES
Parcel Number
50000351
Land Assessment
$442,800
Improvements Assessment
$2,118,400
Total Assessment
$2,561,200
CONTACTS
-
Ryan Burke -
Rahul Chhajed -
Michael Moreno -
Matthews Real Estate Investment Services
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AUCTION-Anne Arundel Derm-$1.25M Starting Bid | 5630 Lowery Rd
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