2131 Cromwell Rd
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2131 Cromwell Rd
9,326 SF Light Industrial Building Norfolk, VA 23504 £944,220 (£101/SF) 7.20% Net Initial Yield
Executive Summary
Two-building industrial office/warehouse
10,334 SF on 0.7586 acre
No landlord responsibilities
Leased to Rainbow International through 10.31.2032
3.5% rent increases every three years in initial 10-year term
Two 5-year renewal options with 2% annual rent increases
Enterprise Zone
10,334 SF on 0.7586 acre
No landlord responsibilities
Leased to Rainbow International through 10.31.2032
3.5% rent increases every three years in initial 10-year term
Two 5-year renewal options with 2% annual rent increases
Enterprise Zone
Property Facts
| Price | £944,220 | Building Class | C |
| Price Per SF | £101 | Lot Size | 0.76 AC |
| Sale Type | Investment NNN | Rentable Building Area | 9,326 SF |
| Net Initial Yield | 7.20% | Number of Floors | 1 |
| Property Type | Light Industrial | Year Built | 1967 |
| Property Subtype | Light Manufacturing | Tenancy | Single |
| Price | £944,220 |
| Price Per SF | £101 |
| Sale Type | Investment NNN |
| Net Initial Yield | 7.20% |
| Property Type | Light Industrial |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Lot Size | 0.76 AC |
| Rentable Building Area | 9,326 SF |
| Number of Floors | 1 |
| Year Built | 1967 |
| Tenancy | Single |
PROPERTY TAXES
| Parcel Number | 42285001 | Improvements Assessment | £404,047 |
| Land Assessment | £200,332 | Total Assessment | £604,379 |
PROPERTY TAXES
Parcel Number
42285001
Land Assessment
£200,332
Improvements Assessment
£404,047
Total Assessment
£604,379
zoning
| Zoning Code | I-1 |
| I-1 |
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2131 Cromwell Rd
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