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2601 Colley Ave

7,720 SF Light Industrial Building Norfolk, VA 23517 £1,173,675 (£152/SF) 6.80% Net Initial Yield

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Investment Highlights

Desirable office-warehouse property on Norfolk's Colley Avenue
Designated Enterprise Zone, Technology Zone, Opportunity Zone, and HUB Zone
7,720 SF flex space: Office 3,120 SF (40%) and Warehouse 4,600 SF (60%)

Close proximity to Old Dominion University, Norfolk Naval Station, Port of Virginia, and Norfolk International Airport
9 minutes to Norfolk International Terminals, 14 min to Portsmouth Marine Terminal, and 16 min to Norfolk Naval Shipyard

Executive Summary

North Colley Avenue Office/Warehouse For Sale (7,720 SF)
- Excellent visibility along Colley Avenue north of Ghent
- One overhead door with 22 ft clear height warehouse space
- Potential sale leaseback option with owner-user
- Short distance from Downtown Norfolk, Naval Bases, Shipyards, and Airport
Contact listing agent for more information.

2601 Colley Ave - Marketing Flyer vF

Property Facts Under Contract

Price	£1,173,675	Rentable Building Area	7,720 SF
Price Per SF	£152	Number of Floors	2
Sale Type	Investment or Owner User	Year Built	2009
Net Initial Yield	6.80%	Tenancy	Single
Sale Conditions	1031 Exchange Sale & Leaseback	Parking Ratio	2.85/1,000 SF
Property Type	Light Industrial Industrial Distribution Industrial Manufacturing Industrial Service	Clear Ceiling Height	22 ft
Building Class	A	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.57 AC

Price	£1,173,675
Price Per SF	£152
Sale Type	Investment or Owner User
Net Initial Yield	6.80%
Sale Conditions	1031 Exchange Sale & Leaseback
Property Type	Light Industrial Industrial Distribution Industrial Manufacturing Industrial Service
Building Class	A
Lot Size	0.57 AC
Rentable Building Area	7,720 SF
Number of Floors	2
Year Built	2009
Tenancy	Single
Parking Ratio	2.85/1,000 SF
Clear Ceiling Height	22 ft
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

Bus Route
Fenced Lot

Security System
Accent Lighting

Reception
Storage Space

Air Conditioning
Smoke Detector

Lighting - Fluorescent
Gas
Water - City
Sewer - City
Heating - Electric

1 of 1

Walk Score ®

Walker's Paradise (91)

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, Transit Score® & Bike Score?

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of any address. Transit Score®

measures access to public transit. Bike Score®

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Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	00911659	Improvements Assessment	£619,074
Land Assessment	£410,943	Total Assessment	£1,030,017

PROPERTY TAXES

Parcel Number

00911659

Land Assessment

£410,943

Improvements Assessment

£619,074

Total Assessment

£1,030,017

zoning

Zoning Code	I-L (Range of primarily indoor industrial uses, such as wholesale, warehousing, distribution, light fabrication or processing, light repair and service.)
I-L (Range of primarily indoor industrial uses, such as wholesale, warehousing, distribution, light fabrication or processing, light repair and service.)