616 Innovation Drive | Chesapeake, VA 23320

May 17, 2019

INVESTMENT SALE – CLASS A OFFICE/WAREHOUSE FACILITY

616 Innovation Drive | Chesapeake, VA 23320 (Oakbrooke Business & Technology Center)

  • Listing Price: $3,300,000 (Firm)
  • Tenant: Geodesicx, Inc.
  • 100% Leased, Single-Tenant Office/Warehouse
  • Cap Rate: 7.1%
  • NOI 2018: $243,857 with 3% Annual Increases
  • 22,880SF Stand-Alone Building on 2 Acre Parcel
  • Superior Masonry Construction, Built in 2008
  • Originally Designed as a Four (4) Tenant Facility
  • Tenant in 11th Year of 15 Year Lease with Options

FOR FURTHER INFORMATION, CONTACT ROBB RIDDLE, CCIM.

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