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Kempsville Professional Center Portfolio

2 Properties Offered at £911,672 in Virginia Beach, VA

Investment Highlights

  • Fully Leased Buildings - A Perfect Investment Opportunity!
  • High Visibility on S. Witchduck Rd

Executive Summary

Fully leased retail and multi-tenant office buildings with total leasable area of 8,551 SF. The properties are a half mile from I-264 with frontage and exceptional visibility from S. Witchduck Road. The property is 100% leased to eleven local businesses.
425 S. Witchduck Rd.
Building size: 6,000 SF
Land area: ±14,000 SF
Occupancy: 100%
Number of tenants: 8
437 S. Witchduck Rd.
Building size: 2,511 SF
Land area: ±9,913 SF
Occupancy: 100%
Number of tenants: 3

Property Facts

Price £911,672
Price / SF £90.09 / SF
Sale Conditions Portfolio Sale
Net Initial Yield 8.50%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 10,120 SF
Total Land Area 0.48 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
425 S Witchduck Rd, Virginia Beach, VA 23462 Office 7,040 SF 1975 -
437 S Witchduck Rd, Virginia Beach, VA 23462 Retail 3,080 SF 2000 -
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  • Listing ID: 33836910

  • Date on Market: 12/11/2024

  • Last Updated:

  • Address: Kempsville Professional Center Portfolio, Virginia Beach, VA

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