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Fully Occupied Executive Center 3 Office Properties Offered at $5,033,388 in Norfolk, VA
INVESTMENT HIGHLIGHTS
- Fully leased multi-tenant medical center featuring a strong tenant mix and stable income profile.
- Diverse rent roll with staggered lease expirations through 2035, reducing rollover risk and providing predictable cash flow.
- Strategically located within the Norfolk medical corridor, a thriving submarket experiencing robust healthcare demand and expansion.
- Established tenants include DaVita Dialysis and multiple healthcare service providers, ensuring consistent occupancy and long-term stability.
- Below-market rent levels present a significant opportunity for income growth upon renewals or re-tenanting.
- Attractive yield supported by an NOI of $371,464 and a 7.38% capitalization rate.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer the Fully Occupied Executive Center located at 1711 Church St in Norfolk, VA. This fully leased, multi-
tenant center features established tenants, including DaVita Dialysis and a variety of healthcare service providers. The property benefits from a diverse rent roll with staggered lease expirations through 2035 and below-market rents, providing significant upside potential on renewals. This represents a unique and compelling
investment opportunity in a strong Norfolk submarket.
tenant center features established tenants, including DaVita Dialysis and a variety of healthcare service providers. The property benefits from a diverse rent roll with staggered lease expirations through 2035 and below-market rents, providing significant upside potential on renewals. This represents a unique and compelling
investment opportunity in a strong Norfolk submarket.
PROPERTY FACTS
| Price | $5,033,388 | Number of Properties | 3 |
| Price / SF | $201.34 / SF | Individually For Sale | 0 |
| Cap Rate | 7.38% | Total Building Size | 25,000 SF |
| Sale Type | Investment | Total Land Area | 6.09 AC |
| Status | Active |
| Price | $5,033,388 |
| Price / SF | $201.34 / SF |
| Cap Rate | 7.38% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 25,000 SF |
| Total Land Area | 6.09 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1751 Church St, Norfolk, VA 23504 | Office | 10,000 SF | 2008 | - |
| 1701 Church St, Norfolk, VA 23504 | Office | 7,500 SF | 2009 | - |
| 1711 Church St, Norfolk, VA 23504 | Office | 7,500 SF | 2008 | - |
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CONTACTS
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Bralon Patterson -
Drew Miller -
Sykes Cargile -
Thomas Gorman -
Sands Investment Group
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Fully Occupied Executive Center
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