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404 S Parliament Dr

8,740 SF 100% Leased Office Building Virginia Beach, VA 23462 £1,507,510 (£172/SF) 7.52% Net Initial Yield

Investment Highlights

  • Great Location

Executive Summary

2-story office building with beautifully renovated 2nd floor. It is completely rented out with a CAP rate of 7.52%. Currently, 100% occupied for 1 year.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
8,740 SF
Building Class
C
Year Built
1977
Price
£1,507,510
Price Per SF
£172
Net Initial Yield
7.52%
NOI
£113,365
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
4,400 SF
Slab to Slab
12 ft
Building FAR
0.74
Lot Size
0.27 AC
Zoning
B2 - General Business Zoning. Multiple uses allowed by right.
Parking
22 Spaces (2.45 Spaces per 1,000 SF Leased)

Amenities

  • Bus Route
1 of 1

PROPERTY TAXES

Parcel Number 1466-59-2346 Improvements Assessment £416,057
Land Assessment £115,271 Total Assessment £531,328

PROPERTY TAXES

Parcel Number
1466-59-2346
Land Assessment
£115,271
Improvements Assessment
£416,057
Total Assessment
£531,328
(757) 515-4728

Contact

  • Listing ID: 34243765

  • Date on Market: 19/12/2024

  • Last Updated:

  • Address: 404 S Parliament Dr, Virginia Beach, VA 23462

The Office Property at 404 S Parliament Dr, Virginia Beach, VA 23462 is currently available for sale. Contact Redefy for more information.

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404 S Parliament Dr
(757) 515-4728 x

404 S Parliament Dr

Doug Wolfe

(757) 515-4728

(757) 515-4728

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