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2829 Shore Dr

12,571 SF 100% Leased Office Building Virginia Beach, VA 23451 £4,479,357 (£356/SF) 6.50% Net Initial Yield

Investment Highlights

  • Please see link to access the OM. https://www.divaris.com/properties/?propertyId=1183859-sale

Executive Summary

2829 Shore Drive is a two-story medical office building located in the Hilltop/Great Neck submarket of Virginia Beach, one of the most upscale pockets in Hampton Roads. The submarket contains 1.2 million square feet, with a vacancy rate of just 5.0%. The property’s prime location at the corner of Shore Drive and Great Neck Road – just a block from the Chesapeake Bay – makes it one of the most recognizable buildings in the area.
Developed in 2005, the property measures 12,571 square feet and is home to Konikoff Dentistry (Dental Care Alliance) and Sailon Plastic Surgery.

Attachments

Portfolio Brochure

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
12,571 SF
Building Class
C
Year Built
2000
Price
£4,479,357
Price Per SF
£356
Net Initial Yield
6.50%
NOI
£291,272
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
6,286 SF
Building FAR
0.29
Land Acres
0.99 AC
Zoning
B2

Amenities

  • Monument Signage
1 of 1
Walk Score ®
Very Walkable (73)
Bike Score ®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 1590-30-6514 Improvements Assessment £1,602,298
Land Assessment £786,139 Total Assessment £2,388,437

PROPERTY TAXES

Parcel Number
1590-30-6514
Land Assessment
£786,139
Improvements Assessment
£1,602,298
Total Assessment
£2,388,437
(757) 497-2113

  • Listing ID: 28098339

  • Date on Market: 30/03/2023

  • Last Updated:

  • Address: 2829 Shore Dr, Virginia Beach, VA 23451

The Office Property at 2829 Shore Dr, Virginia Beach, VA 23451 is currently available For Sale. Contact Divaris Real Estate, Inc. for more information.

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© 2024 CoStar Group

2829 Shore Dr
(757) 497-2113 x

2829 Shore Dr

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Jason Oliver, CCIM

(757) 497-2113

(757) 497-2113

Michael Divaris

(757) 497-2113

(757) 497-2113

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