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5457 Greenwich Rd
Virginia Beach, VA 23462
Flex Property For Sale
PROPERTY FACTS
| Property Type | Flex | No. Stories | 2 |
| Property Subtype | Showroom | Year Built | 1972 |
| Building Class | C | Tenancy | Single |
| Lot Size | 5.08 AC | Parking Ratio | 1.32/1,000 SF |
| Rentable Building Area | 107,549 SF | Clear Ceiling Height | 12’ |
| Zoning | I-1 | ||
| Property Type | Flex |
| Property Subtype | Showroom |
| Building Class | C |
| Lot Size | 5.08 AC |
| Rentable Building Area | 107,549 SF |
| No. Stories | 2 |
| Year Built | 1972 |
| Tenancy | Single |
| Parking Ratio | 1.32/1,000 SF |
| Clear Ceiling Height | 12’ |
| Zoning | I-1 |
ABOUT 5457 GREENWICH RD , VIRGINIA BEACH, VA 23462
Colliers International has been retained as the exclusive advisor for the sale of The Commonwealth Building (“The Property”), located at 5457 Greenwich Road in Virginia Beach, VA. The Commonwealth Building is a 107,549 SF distribution warehouse located in the center of Hampton Roads. This location has immediate access to the regional road network, Interstate 264, and Interstate 64. The building is located in the Cleveland/Greenwich industrial submarket which consists of 1,569,899 SF with a current vacancy of 1.2% and an average rental rate of $6.25/SF NNN. The Hampton Roads Industrial Market consists of 78,512,479 SF of warehouse space and currently has a vacancy rate of 4.0%. The Port of Virginia handled 732,000 twenty-foot equivalent units (TEUS) in 2018 and continues to grow. The expanding economy and a shortage of well located distribution space makes this a wonderful opportunity for investors and users alike.
PROPERTY TAXES
| Parcel Number | 1467-44-2286 | Improvements Assessment | $4,989,600 |
| Land Assessment | $773,900 | Total Assessment | $5,763,500 |
PROPERTY TAXES
