Log In/Sign Up
Your email has been sent.
5665 Lowery Road - Opportunity Zone 5665 Lowery Rd 14,914 SF 100% Leased Office Building Norfolk, VA 23502 $3,500,000 ($234.68/SF) 7.39% Cap Rate
Investment Highlights
- Ample parking. Cross easement agreement increases parking spaces from 36 to 66 spaces.
- Direct access from Lowery Road and Raby Road
- Easy access to I-64 and I-264
- Walking distance to bus stop
- Close proximity to area restaurants
Executive Summary
Seller will master lease 6,964 sf on second floor if not leased at time of sale. 1st floor lease in place until April 30, 2027 with 1 - three year Option Period.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
14,914 SF
Building Class
B
Year Built/Renovated
2007/2020
Price
$3,500,000
Price Per SF
$234.68
Cap Rate
7.39%
NOI
$258,511
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,500 SF
Slab To Slab
12’
Building FAR
0.43
Lot Size
0.79 AC
Opportunity Zone
Yes
Zoning
I-L - Office is permitted in the Industrial light zoning classification.
Parking
49 Spaces (3.29 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Controlled Access
- Conferencing Facility
- Security System
- Signage
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
- Backup Power / Generators
1 1
Property Taxes
| Parcel Number | 00002309 | Improvements Assessment | $1,921,900 |
| Land Assessment | $447,400 | Total Assessment | $2,369,300 |
Property Taxes
Parcel Number
00002309
Land Assessment
$447,400
Improvements Assessment
$1,921,900
Total Assessment
$2,369,300
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
5665 Lowery Road - Opportunity Zone | 5665 Lowery Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.