5849 Harbour View Blvd, Suffolk, VA

Listing agent Jason Oliver

Listing office Divaris Real Estate - Hampton Roads Show Phone

Listing date Aug 1, 2023

Source Moodyscre

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Overview

The property at 5849 Harbour View Blvd is a two-story medical office building situated in the Harbour View/North Suffolk submarket. This submarket is recognized as one of the fastest-growing areas in the region, containing 1.4 million square feet of office space with a vacancy rate of 3.9%. Constructed in 2008, the building has a total area of 22,395 square feet. It is currently 100% leased to tenants including Konikoff Dentistry (Dental Care Alliance), United Property Association, Chesapeake Regional Medical Associates, and Klar Voorhees Orthodontics (Dental Care Alliance). The property is positioned on Harbour View's main thoroughfare, offering visibility and access. The building is impeccably maintained and features modern build outs. The anchor tenant, Dental Care Alliance, was recently valued at approximately $2 billion. The weighted average lease term (WALT) is 5.24 years with no near-term rollover.

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Suffolk

County

Suffolk

State

Virginia

Longitude

-76.4408

Latitude

36.8732

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FAQs

What type of property is this?

Medical Office Space - Two-story medical office building in a rapidly growing area.

Where is this medical office space located?

The property is located at 5849 Harbour View Blvd Suffolk, VA.

What is the asking price?

The asking price for this property is $7,250,000.

What are key features of this property?

This property features: 100% leased to strong tenants with a WALT of 5.24 years and zero near‑term rollover.; Located in the rapidly growing Harbour View/North Suffolk submarket with a low vacancy rate (3.9%).; Anchor tenant, Dental Care Alliance, was recently valued at approximately $2 billion.