5226 Indian River Rd - Office FOR SALE
Virginia Beach, VA 23464 |
$1,950,000 USD
804-802-6898
5226 Indian River Rd
Virginia Beach, VA 23464
HIGHLIGHTS
- Fully renovated in 2008 Class B office building with 100% occupancy for the previous 16 years
- Excellent location near I-64, featuring ample parking
- The Office Flex building is equipped with five roll-up doors
- Positioned near the bustling intersection of Indian River Road & Kempsville Road
- An anchor tenant with a long-term lease has occupied 50% of the building since 2008, ensuring stability and reliability
OVERVIEW
Marcus & Millichap proudly presents Acredale Bus Park | Office Flex Bldg, located at 5226 Indian River Road, Virginia Beach, VA 23464. This 13,125 SF building, built in 1986 and fully renovated in 2008, boasts ample parking, 100%occupancy for the past 16 years, and strategic proximity to Indian River Road and Kempsville Road. With stable cash flow, potential rent growth, and strong tenant retention, this property offers an exceptional investment opportunity. The property is occupied by four strong tenants who have built successful businesses in this location.
FOR SALE DETAILS
PRICE
$1,950,000 USD
PRICE/SF
$163 USD /SF
CAP RATE
8.31%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Acredale Bus Park | Office Flex Bldg
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
49
LAND DETAILS
LAND ACRES
1.05 AC
LAND SF
45,738 SF
ZONING
B2
APN/PARCEL ID
1465-47-2824
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804-802-6898
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804-802-6898
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