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617 Regional Dr 34,568 SF Industrial Building Hampton, VA 23661 $4,000,000 ($115.71/SF)
Investment Highlights
- Located in Copeland Park with easy access to interstate and all of Hampton Roads.
- Facilitated by both dock and ground height overhead doors.
- Rare opportunity to acquire a "Cadillac" machine shop facility.
Executive Summary
5 Year Lease (3 Years remain on initial term)
Tenant has 5-year option to renew
$20,000 / month rent NNN - 2% annual escalations
This property is a 34,568 industrial facility developed in phases from 1992 to 1995. The main building is a 26,364 square foot masonry and metal exterior. The shop area includes cranes. The is a two-story office build-out in a portion of the main building consisting of approximately 5,200 sf which was completed in 1992. In addition, there are three free-standing, metal exterior, light industrial buildings (with cranes also) which range in size from 2,100 to 3,560 sf. The property is in very good condition and has been well maintained.
Tenant has 5-year option to renew
$20,000 / month rent NNN - 2% annual escalations
This property is a 34,568 industrial facility developed in phases from 1992 to 1995. The main building is a 26,364 square foot masonry and metal exterior. The shop area includes cranes. The is a two-story office build-out in a portion of the main building consisting of approximately 5,200 sf which was completed in 1992. In addition, there are three free-standing, metal exterior, light industrial buildings (with cranes also) which range in size from 2,100 to 3,560 sf. The property is in very good condition and has been well maintained.
Property Facts
| Price | $4,000,000 | No. Stories | 2 |
| Price Per SF | $115.71 | Year Built | 1991 |
| Sale Type | Investment | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.44/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 22’ |
| Building Class | B | No. Dock-High Doors/Loading | 1 |
| Lot Size | 2.99 AC | No. Drive In / Grade-Level Doors | 4 |
| Rentable Building Area | 34,568 SF | ||
| Zoning | M3 - Manufacturing | ||
| Price | $4,000,000 |
| Price Per SF | $115.71 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.99 AC |
| Rentable Building Area | 34,568 SF |
| No. Stories | 2 |
| Year Built | 1991 |
| Tenancy | Single |
| Parking Ratio | 1.44/1,000 SF |
| Clear Ceiling Height | 22’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | M3 - Manufacturing |
Amenities
- Fenced Lot
- Signage
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1000117 | Improvements Assessment | $1,809,100 |
| Land Assessment | $366,600 | Total Assessment | $2,175,700 |
Property Taxes
Parcel Number
1000117
Land Assessment
$366,600
Improvements Assessment
$1,809,100
Total Assessment
$2,175,700
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Contact the Sale Advisor
617 Regional Dr