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1728 Virginia Beach Blvd, Suites 104-105
Virginia Beach, VA 23454
Asking Price
$599K
Asset Type
Warehouse Special-purpose
Class
Class B
What's Special
Special Purpose | 3,700 SqFt <ul><li>Hilltop site, quick I-264 access</li><li>Versatile B-2 zoning</li><li>Mezzanine in place—CapEx saved</li><li>Comps reach $125 / SF after light refresh</li><li>Low HOA, stable expenses</li><li>Hilltop retail/business sub-market – Virginia Beach's premier office-retail node</li><li>0.3 mi to I-264 (Exit 21/First Colonial Rd) – 8 min to Resort Oceanfront</li><li>Virginia Beach Blvd traffic counts ± 35,000 VPD (VDOT 2024)</li><li>Surrounded by national retailers (Target, Wawa, Total
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NOI
$80,000
Cap Rate
13.36%
DSCR
2.25
Strong
Cash-on-Cash
24.73%
Monthly Payment
$2,963.525
Annual Cash Flow
$44,437.698