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5630 Lowery Rd
Norfolk, VA 23502
AUCTION-Anne Arundel Derm-$1.25M Starting Bid · Office Property For Sale
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.
Property Facts
Property Type
Office
Property Subtype
Building Size
14,650 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2015
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
Amenities
- Bus Line
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
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