309 County Street | Portsmouth, VA
OFFICE BUILDING
INVESTMENT OPPORTUNITY
FOR SALE
309 County Street | Portsmouth, VA
Property Summary:
Riddle Associates is pleased to offer the opportunity to acquire 309 County St, Portsmouth, VA. A Fully Leased 2- Story Class B office building in the heart of Downtown Portsmouth.
This well maintained asset offers strong in-place income, a strong national and local tenant mix, recent capital improvements, and walkable access to restaurants, waterfront attractions, the locally famous Portsmouth Ferry, and convenient proximity to I-264 and I-464.
Adjacent properties are owned and occupied by the City of Portsmouth.
Please note- Do not disturb Tenants.
Asset Summary:
Sale Price: $1,880,000
Building Size: 15,524
Land: 0.99ac/ 43,124sf
Year Built: 1986
Zoning: T6 ( Mixed Unit Development)
NOI: $157,995
Cap Rate: 8%
Building Suites: Fully Leased (5 total suites)
FOR MORE INFORMATION, CONTACT
sstidham@riddleassociates.com, 757.256.7420 (c) or 757.523.1900 (o)