Acredale Bus Park | Office Flex Bldg | 5226 Indian River Rd
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Acredale Bus Park | Office Flex Bldg 5226 Indian River Rd
11,928 SF 100% Leased Office Building Virginia Beach, VA 23464 $2,050,000 ($172/SF) 7.91% Cap Rate
Investment Highlights
- Fully renovated in 2008 Class B office building with 100% occupancy for the previous 16 years
- The Office Flex building is equipped with five roll-up doors
- An anchor tenant with a long-term lease has occupied 50% of the building since 2008, ensuring stability and reliability
- Excellent location near I-64, featuring ample parking
- Positioned near the bustling intersection of Indian River Road & Kempsville Road
Executive Summary
Marcus & Millichap proudly presents Acredale Bus Park | Office Flex Bldg, located at 5226 Indian River Road, Virginia Beach, VA 23464. This 13,125 SF building, built in 1986 and fully renovated in 2008, boasts ample parking, 100%occupancy for the past 16 years, and strategic proximity to Indian River Road and Kempsville Road. With stable cash flow, potential rent growth, and strong tenant retention, this property offers an exceptional investment opportunity. The property is occupied by four strong tenants who have built successful businesses in this location.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
11,928 SF
Building Class
B
Year Built/Renovated
1986/2008
Price
$2,050,000
Price Per SF
$172
Cap Rate
7.91%
NOI
$162,131
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,928 SF
Building FAR
0.26
Lot Size
1.05 AC
Zoning
B2 - Low-medium density neighborhood business zoning.
Parking
40 Spaces (3.35 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 1465-47-2824-0004 | Improvements Assessment | $926,800 |
| Land Assessment | $836,900 | Total Assessment | $1,763,700 |
PROPERTY TAXES
Parcel Number
1465-47-2824-0004
Land Assessment
$836,900
Improvements Assessment
$926,800
Total Assessment
$1,763,700
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Acredale Bus Park | Office Flex Bldg | 5226 Indian River Rd
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