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Investment Highlights

  • The portfolio consists of two industrial warehouse properties offered together on separate parcels totaling approximately 1.707 acres.
  • 501 Industry Drive is leased to Mobile Communications of America, which recently extended its tenancy.
  • Regional access connects the asset to Newport News, Hampton, and Downtown Norfolk within the Hampton Roads metropolitan area.
  • Both buildings are occupied by established communications and technology-related businesses with operating histories in the region.
  • The properties are located within Hampton's industrial market near Copeland Industrial Park and major Peninsula employment centers.
  • Existing income with identified rental upside provides an opportunity for future revenue growth.

Executive Summary

501 and 503 Industry Drive present an opportunity to acquire a two-building industrial portfolio in Hampton, Virginia. The offering consists of two separately parceled warehouse properties totaling 14,500 square feet situated on approximately 1.707 acres within an established industrial area. The portfolio benefits from existing tenancy and provides investors with in-place cash flow while offering future leasing and operational flexibility.
The larger facility at 501 Industry Drive contains 11,500 square feet and is occupied by Mobile Communications of America (MCA), a national communications technology company and Motorola partner. The tenant recently extended its lease term, reflecting continued occupancy at the property. The second facility at 503 Industry Drive contains 3,000 square feet and is occupied by Signal Engineering Corporation, a Virginia-based communications and security systems contractor. Both properties are leased, creating immediate income generation for a prospective owner.
The location offers access to major employment centers and industrial demand drivers throughout the Hampton Roads region. The property is positioned near Copeland Industrial Park and benefits from connectivity to Hampton, Newport News, and the broader Peninsula market. Nearby economic anchors include Newport News Shipbuilding, the Hampton Coliseum area, and regional commercial corridors that support industrial, logistics, communications, and contractor-oriented businesses. Downtown Norfolk is accessible within approximately 30 minutes, providing connectivity to one of the region's largest business centers.

Property Facts

Price $2,050,000
Price / SF $141.38 / SF
Sale Condition Bulk/Portfolio Sale
Cap Rate 7.27%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 14,500 SF
Total Land Area 1.70 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
501 Industry Dr, Hampton, VA 23661 Industrial 11,500 SF 1965 -
503 Industry Dr, Hampton, VA 23661 Industrial 3,000 SF 1997 -
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  • Listing ID: 41364352

  • Date on Market: 7/20/2026

  • Last Updated:

  • Address: 501 & 503 Industry Drive Portfolio, Hampton, VA

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