Modern Office Space Near
For Lease
Contact for pricing
4111 Monarch Way, Norfolk, VA
State-of-the-art office space in Innovation Research Park.
Space Size1,515 SF
Lot Size0.53 Acres
Days on Market1181
Property Features for 4111 Monarch Way
General Information
Standard status
Active
Size
1,515 SF
Lot size
0.53 Acres
Property subtype
OFFICE
Lease Type
NNN
Spaces For Lease
at 4111 Monarch Way
Building 1
$19/SF/Yr
Floor
5
Size
1,515 SF
Type
OFFICE
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- Innovation Research Park is a state of the art facility with new construction located in the center of the master planned -University Village.
- It provides excellent access to Old Dominion University and is in close proximity with Downtown Norfolk. Just a short drive from Norfolk
-International Airport, Innovation Research Park is within reach of many restaurants, hotels, and convention centers.
- Two, five story, ±100,000 SF buildings
- State of the art facility with wet lab available
- Off street loading docks for 40’ trucks
- Access to ODU facilities and amenities
- Connectivity to Easter Lite (National LAMBDA Rail)
Contact us
Listing Agency:
Colliers | Norfolk
(757) 490-3300
Listed By:
Donald Crigger
(757) 228-1847
Source:
Moodyscre
Added: Jul 24, 2023
Changed: Oct 9
Last Checked: Oct 16 at 11:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Norfolk
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Investment Insights
Based on property information with market context.
Innovation Research Park is a modern facility with new construction situated in the master-planned University Village. The location provides access to Old Dominion University and proximity to Downtown Norfolk. Norfolk International Airport, restaurants, hotels, and convention centers are within a short drive. The property consists of two five-story buildings, each approximately 100,000 square feet. The facility offers a wet lab and off-street loading docks suitable for 40-foot trucks. Tenants have access to ODU facilities and amenities, as well as connectivity to Easter Lite (National LAMBDA Rail). Available space is approximately 1,515 square feet.
Key Highlights
- State‑of‑the‑art facility with wet lab available.
- New construction in the master‑planned University Village.
- Excellent access to Old Dominion University.
Property Analytics
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.85 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
998
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Market
Lease Benchmarks for Norfolk, VA
$29.89 /SF/Yr
Avg Asking Price
$2.74–$48 /SF/Yr
Price Range
4,688 SF
Avg Space Size
This space is priced 36% below the average of $29.89 /SF/Yr.
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - State-of-the-art office space in Innovation Research Park.
Where is this office units located?
The property is located at 4111 Monarch Way Norfolk, VA.
What is the lease rate?
The lease rate is $19 SF/Yr.
What are key features of this property?
This property features: State‑of‑the‑art facility with wet lab available.; New construction in the master‑planned University Village.; Excellent access to Old Dominion University.
