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1140-1148 Loretta Ln

11,800 SF 100% Leased Flex Building Virginia Beach, VA 23451 $2,250,000 ($191/SF) 5.40% Cap Rate

Flex Space Virginia Virginia Beach 1140-1148 Loretta Ln, Virginia Beach, VA 23451

Investment Highlights

  • Opportunity Zone Investing Benefit, Two Quality built Flex Office/ Warehouse buildings located in Desirable Beach District .

Executive Summary

Two new +/-5,500 SF free standing office/warehouse industrial buildings brick ,metal & Steel structure with yard space. 100 % leased
NNN investment grade Leases with credit tenants. OPPORTUNITY ZONE Investment Benefits/ attached PDF
NOTE: CITY ASSESSMENT IS INCORRECT AND DOES NOT INCLUDE ONE OF THE TWO BUILDINGS

Attachments

1140 &1148 Loretta Lane VaBeach Va OPPORTUNITY ZONES FACTS IRS
1148 & 1140 Loretta lane Rox Flyer

Property Facts

Price $2,250,000 Lot Size 2.03 AC
Price Per SF $191 Rentable Building Area 11,800 SF
Sale Type Investment NNN No. Stories 1
Cap Rate 5.40% Year Built 2020
Property Type Flex Clear Ceiling Height 21 FT
Property Subtype Light Manufacturing No. Drive In / Grade-Level Doors 1
Building Class B 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.
Price $2,250,000
Price Per SF $191
Sale Type Investment NNN
Cap Rate 5.40%
Property Type Flex
Property Subtype Light Manufacturing
Building Class B
Lot Size 2.03 AC
Rentable Building Area 11,800 SF
No. Stories 1
Year Built 2020
Clear Ceiling Height 21 FT
No. Drive In / Grade-Level Doors 1
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.
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1140-1148 Loretta Ln, Virginia Beach, VA - aerial map view

PROPERTY TAXES

Parcel Number 2417-45-4343 Improvements Assessment $829,800
Land Assessment $230,000 Total Assessment $1,059,800

PROPERTY TAXES

Parcel Number
2417-45-4343
Land Assessment
$230,000
Improvements Assessment
$829,800
Total Assessment
$1,059,800

zoning

Zoning Code I-1 APZ-2 (Industrial with some air right restrictions)
I-1 APZ-2 (Industrial with some air right restrictions)
(757) 404-1400

Contact

  • Listing ID: 22901305

  • Date on Market: 5/3/2021

  • Last Updated:

  • Address: 1140-1148 Loretta Ln, Virginia Beach, VA 23451

More public record information on 1140-1148 Loretta Ln, Virginia Beach, VA 23451

The Flex Property at 1140-1148 Loretta Ln, Virginia Beach, VA 23451 is currently available for sale. Contact Dominion Commercial for more information.

Flex PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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1140-1148 Loretta Ln, Virginia Beach, VA for sale Building Photo- Image 1 of 7
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1140-1148 Loretta Ln, Virginia Beach, VA for sale Site Plan- Image 2 of 7
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1140-1148 Loretta Ln, Virginia Beach, VA for sale Interior Photo- Image 3 of 7
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1140-1148 Loretta Ln, Virginia Beach, VA for sale Interior Photo- Image 5 of 7
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1140-1148 Loretta Ln
(757) 404-1400 x

1140-1148 Loretta Ln

Gardner King

(757) 404-1400

(757) 404-1400

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