229 Hillcrest Pky - Medical FOR SALE


Chesapeake, VA 23322
$5,420,000 USD
757-497-2113
229 Hillcrest Pky, Chesapeake, VA for Sale
$5,420,000 USD
Medical - FOR SALE
1/1
null | 6.5% Cap Rate

229 Hillcrest Pky
Chesapeake, VA 23322


HIGHLIGHTS

  • Please see link to access the OM. https://www.divaris.com/properties/?propertyId=1183865-sale

OVERVIEW

229 Hillcrest Parkway is a two-story medical office building located within the highly successful Edinburgh mixed-use development in the Southern Chesapeake submarket. The submarket contains 720,000 square feet of office space, with the current vacancy standing at just 5.4%. Positioned at the corner of Hillcrest Parkway and Edinburgh Parkway, the property benefits from a high traffic location amongst popular big box retailers such as Target and Walmart. Developed in 2021, the two-story property measures 12,298 square feet and is the home to Konikoff Dentistry and Klar Holmes Orthodontics, both part of the Dental Care Alliance family.

FOR SALE DETAILS

PRICE

$5,420,000 USD

PRICE/SF

$441 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

PUD

APN/PARCEL ID

0730000001813

ASK ABOUT THIS PROPERTY

Jason Oliver, CCIMDivaris Real Estate, Inc.More Info
757-497-2113

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Jason Oliver, CCIMDivaris Real Estate, Inc.More Info
757-497-2113

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.