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600 Thimble Shoals Blvd
Newport News, VA 23606
Asking Price
$8.47M
Asset Type
Executive Office Office
Class
Class B
What's Special
Office | 45,344 SqFt <ul><li>45,344± SF office building on a prominent corner in Oyster Point, 41,499± rentable square feet</li><li>Furnished office suite for lease in Oyster Point</li><li>Suite 130: 1,724± SF (two private offices, conference room, kitchenette, bathroom, 8 cubicles)</li><li>4.14± AC zoned C-4</li><li>Long-term anchor tenant Wells Fargo</li><li>Two elevators</li><li>Built in 1986, masonry and glass exterior</li><li>167 Parking spaces plus a large drive-thru lot</li><li>2026 Budget NOI - $331
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NOI
$80,000
Cap Rate
0.94%
DSCR
0.16
Underwater
Cash-on-Cash
-16.64%
Monthly Payment
$41,929.676
Annual Cash Flow
$-423,156.111
