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CHIP WORLEY (757) 640-8218 [email protected] FOR SALE INVESTMENT OPPORTUNITY 5600 & 5616 E. Virginia Beach Blvd.,Norfolk, VA 35,913 square feet in two buildings on 2.026 acres Single-tenant, 100% leased Industrial/Retail Development Located in the heart of Norfolk, just minutes from Norfolk Industrial Park and the Janaf retail corridor Easily accessible from Military Hwy., I-264, and I-64 Fenced storage yard, dock and grade level loading Large pylon signage LEASE Single Tenant Modified Net Lease TERM 10 years 3 months with 2-3 year options INCOME Current year projected NOI $132,892 TENANT L&W Supply Corporation COMMENCEMENT December 1 st , 2014 PRICE $2,000,000 NORFOLK NORFOLK INDUSTRIAL INDUSTRIAL PARK PARK SITES JANAF JANAF

5600 & 5616 E. Virginia Beach Blvd.,Norfolk, VA...5600 & 5616 E. Virginia Beach Blvd.,Norfolk, VA 35,913 square feet in two buildings on 2.026 acres Single-tenant, 100% leased Industrial/Retail

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  • CHIP WORLEY(757) [email protected]

    FOR SALE INVESTMENT OPPORTUNITY

    5600 & 5616 E. Virginia Beach Blvd.,Norfolk, VA

    35,913 square feet in two buildings on 2.026 acres

    Single-tenant, 100% leased Industrial/Retail Development

    Located in the heart of Norfolk, just minutes from Norfolk Industrial Park and the Janaf retail corridor

    Easily accessible from Military Hwy., I-264, and I-64

    Fenced storage yard, dock and grade level loading

    Large pylon signage

    LEASE Single Tenant Modified Net Lease

    TERM 10 years 3 months with 2-3 year options

    INCOME Current year projected NOI $132,892

    TENANT L&W Supply Corporation

    COMMENCEMENT December 1st, 2014

    PRICE $2,000,000

    NORFOLKNORFOLKINDUSTRIALINDUSTRIAL

    PARKPARK

    SITES

    JANAFJANAF

    mailto:[email protected]

  • A Tradition of Forward Thinking

    The information contained herein has been obtained from sources believed to be reliable but is not warranted.We cannot be responsible for errors, omissions, withdrawal, or prior lease or sale.

    ADDITIONAL FACTS:

    LOCATION: 5600 E. Virginia Beach Boulevard Norfolk, Virginia 23502

    BUILDING SIZE: Total Building: 26,113 sq. ft. Warehouse: 24,000 sq. ft. Office: 2,113 sq. ft. (on two floors)

    LAND AREA: 1.617 Acres

    ZONING: I-L (Industrial Light) and C-C (Community Commercial)

    ELECTRICAL SERVICE: 1-Phase, 200 Amp, 240 Volt

    LOADING DOOR: 1 - 14' x 14' 48” loading well (with edge of dock leveler) 1 - 14' x 14' (with a ramp to grade) 2 - 14' x 14' 29” dock level

    CEILING HEIGHT: 24' clear

    BUILDING DIMENSIONS: See attached drawing

    LIGHTING: Office: Fluorescent Tube Warehouse: Low Pressure Sodium

    FLOOR: 5" Reinforced Concrete

    EXTERIOR WALLS: Tilt up aggregate concrete panels & brick

    ADDITIONAL INFORMATION: • Building constructed in 1971 • Excellent visibility • 5 private offices • Skylights in warehouse • 4 restrooms • Outside lighting • Large fenced yard/loading area

    FOR SALE - INVESTMENT OPPORTUNITY - 5600 E. Virginia Beach Blvd., Norfolk, VA

    CHIP WORLEY(757) [email protected]

    mailto:[email protected]

  • A Tradition of Forward Thinking

    The information contained herein has been obtained from sources believed to be reliable but is not warranted.We cannot be responsible for errors, omissions, withdrawal, or prior lease or sale.

    ADDITIONAL FACTS:

    LOCATION: 5616 E. Virginia Beach Boulevard Norfolk, Virginia 23502

    BUILDING SIZE: Total Building: 9,800 sq. ft. Storage: 7,000 sq. ft. Office/Showroom: 2,800 sq. ft.

    LAND AREA: .409 Acres

    ZONING: C-C (Community Commercial)

    ELECTRICAL SERVICE: 3-Phase, 200 Amp, 240 Volt

    LOADING DOOR: 1 - 10' x 10' 48” loading well (with edge of dock leveler) 1 - 10' x 10' 31” dock level 1 - 10' x 10' 29” dock level

    CEILING HEIGHT: 24' to the roof deck in the storage area

    BUILDING DIMENSIONS: 70' wide x 140' deep

    LIGHTING: Office/Showroom: Fluorescent Tube Storage: Fluorescent Tube

    FLOOR: 5" Concrete

    EXTERIOR WALLS: Concrete block/stucco

    ADDITIONAL INFORMATION: • Building constructed in 1969 • Excellent visibility • Large pylon Signage • 3 private offices • Natural gas heat • 2 restrooms • 8 marked parking spaces • Outside lighting

    FOR SALE - INVESTMENT OPPORTUNITY - 5616 E. Virginia Beach Blvd., Norfolk, VA

    CHIP WORLEY(757) [email protected]

    mailto:[email protected]

  • A Tradition of Forward Thinking

    The information contained herein has been obtained from sources believed to be reliable but is not warranted.We cannot be responsible for errors, omissions, withdrawal, or prior lease.

    The information contained herein has been obtained from sources believed to be reliable but is not warranted.We cannot be responsible for errors, omissions, withdrawal, or prior lease or sale.

    SITE

    S

    E. Virginia Beach Blvd.E. Virginia Beach Blvd.

    N. M

    ilitary Hw

    y.N

    . Military H

    wy.

    Military Military Circle Circle MallMall

    JanafJanafShoppingShopping

    CenterCenter

    CHIP WORLEY(757) [email protected]

    BestBestSquareSquare

    NORFOLKNORFOLKINDUSTRIALINDUSTRIAL

    PARKPARK

    Demographics (2019)1 Mile 3 Miles 5 Miles

    Population 8,201 103,444 311,533Households 3,030 37,972 121,477Ave. HH Inc. $70,311 $68,664 $74,726

    FOR SALE INVESTMENT OPPORTUNITY

    5600 & 5616 E. Virginia Beach Blvd.,Norfolk, VA

    mailto:[email protected]