This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

961 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

229 Hillcrest Pky

12,298 SF 100% Leased Office Building Chesapeake, VA 23322 £4,281,854 (£348/SF) 6.50% Net Initial Yield

Investment Highlights

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

Executive Summary

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.

Attachments

Portfolio Brochure

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
12,298 SF
Building Class
B
Year Built
2021
Price
£4,281,854
Price Per SF
£348
Net Initial Yield
6.50%
NOI
£278,321
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
6,149 SF
Building FAR
0.20
Land Acres
1.40 AC
Zoning
PUD - Planned Unit Development
Parking
67 Spaces (5.45 Spaces per 1,000 SF Leased)

Amenities

  • Atrium
  • Accent Lighting
  • Air Conditioning
1 of 1

PROPERTY TAXES

Parcel Number 0730000001813 Improvements Assessment £2,282,025
Land Assessment £667,021 Total Assessment £2,949,045

PROPERTY TAXES

Parcel Number
0730000001813
Land Assessment
£667,021
Improvements Assessment
£2,282,025
Total Assessment
£2,949,045
(757) 497-2113

  • Listing ID: 28098330

  • Date on Market: 30/03/2023

  • Last Updated:

  • Address: 229 Hillcrest Pky, Chesapeake, VA 23322

1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/2
229 Hillcrest Pky, Chesapeake, VA for sale Primary Photo- Image 1 of 2
Primary Photo

1 of 1

Connect with us

© 2024 CoStar Group

229 Hillcrest Pky
(757) 497-2113 x

229 Hillcrest Pky

1/2

Jason Oliver, CCIM

(757) 497-2113

(757) 497-2113

Michael Divaris

(757) 497-2113

(757) 497-2113

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link