840 Greenbrier Cir
49,869 SF 83% Leased Office Building Chesapeake, VA 23320 For Sale 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Easy Highway Access
- Affluent Trade Area
- Convenient Location
EXECUTIVE SUMMARY
Prime two-story commercial property with elevator access, located in an affluent trade area near I-64, offering excellent connectivity and convenience. The building features a beautiful entryway, contiguous leasable spaces, and a strong tenant roster, including Labcorp, Shannon and Associates, and the City of Chesapeake.
Surrounded by large retail clients, nearby hotels, and strong amenities, this property is a fantastic investment opportunity or a perfect option for an owner-operator seeking additional lease income. Take advantage of this excellent location in a thriving business hub.
Surrounded by large retail clients, nearby hotels, and strong amenities, this property is a fantastic investment opportunity or a perfect option for an owner-operator seeking additional lease income. Take advantage of this excellent location in a thriving business hub.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
49,869 SF
Building Class
B
Year Built
1983
Cap Rate
7%
Percent Leased
83%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
25,332 SF
Slab To Slab
12’
Building FAR
0.16
Lot Size
7.04 AC
Zoning
PUD
Parking
398 Spaces (7.7 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
7,265
106,790
223,807
2024 Population
7,487
106,934
222,809
Population Growth '20-'24
3.1%
0.1%
-0.5%
2020 Households
3,333
42,487
86,032
2024 Households
3,411
42,442
85,406
Household Growth '20-'24
2.3%
-0.1%
-0.7%
Average Age
38
39
39
Median Household Income
$76,828
$73,227
$73,116
Daytime Employees
17,097
62,003
122,124
Total Businesses
1,152
5,502
11,532
College Degree + Higher
29%
29%
30%
PROPERTY TAXES
| Parcel Number | 0280000000224 | Improvements Assessment | $4,753,600 |
| Land Assessment | $1,841,300 | Total Assessment | $6,594,900 |
