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1040 University Boulevard
Portsmouth, VA 23703
Asking Price
$6.50M
Cap Rate
8.95%
Asset Type
Traditional Office Office
Class
Class B
What's Special
Value-Add Office / Medical Building for Sale. Excellent Tenant Mix. 8.95% Cap Rate on Existing NOI <ul><li>Strategically located in growing Harbour View Submarket</li><li>Integral part of 148-Acre Mixed-Use Development</li><li>Strong Tenant Mix</li><li>Quality Construction and new HVAC system in 2025</li><li>Opportunity for Value-Add Investors & Owner Occupants</li></ul><p></p><p> [CONTACT BROKER FOR COMPLETE OM WITH RENT ROLL & FINANCIALS]</p>
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NOI
$80,000
Cap Rate
1.23%
DSCR
0.21
Underwater
Cash-on-Cash
-15.69%
Monthly Payment
$32,158.453
Annual Cash Flow
$-305,901.442
