Multi-Tenant Office
For Sale
Contact for pricing
Pending
5226 Indian River Rd, Virginia Beach, VA 23464
13,125 sq ft office building is 100% occupied by four tenants with staggered lease expirations.
Property Size13,125 SF
Days on Market123
Property Features for 5226 Indian River Rd
General Information
Standard status
Pending
Size
13,125 SF
Property subtype
Office
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Washington, D.C.
Listed By:
Kristina Ermyakina · License #VA 0225258858
Source:
Crexi
Added: Apr 11
Changed: Aug 10
Last Checked: Aug 11 at 6:13PM
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 Marcus & Millichap - Washington, D.C.
Investment Insights
Based on property information with market context.
5226 Indian River Road is a 13,125-square-foot, 100% occupied office building with four tenants. The primary tenant, Engineering & Testing Services, occupies half of the building, with a lease expiration in June 2027 and an option to renew including a 3% rent escalation.
Other tenants include Glass Doctor, operating at the location for three years, with a lease expiration in December 2028 and a 3% rent escalation on renewals. Life Compass Therapy, a private group practice, has a lease expiration in January 2025 with a 3% escalation on renewal. Sky Surgical has been operating at the location for three years, with a lease expiration in November 2023 and a 3% escalation on renewal.
The property is located near the busy intersection of Indian River Road and Kempsville Road.
Other tenants include Glass Doctor, operating at the location for three years, with a lease expiration in December 2028 and a 3% rent escalation on renewals. Life Compass Therapy, a private group practice, has a lease expiration in January 2025 with a 3% escalation on renewal. Sky Surgical has been operating at the location for three years, with a lease expiration in November 2023 and a 3% escalation on renewal.
The property is located near the busy intersection of Indian River Road and Kempsville Road.
Key Highlights
- 13,125 sq ft building at 5226 Indian River Road, Virginia Beach, VA, fully occupied by 4 tenants
- Engineering & Testing Services tenant occupies half the building; lease expires June 2027 with option to renew and 3% rent escalation
- Glass Doctor tenant has operated at the location for three years; lease expires December 2028 with option to renew and 3% rent escalation
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
778
Businesses Nearby
Explore this area
Business Placement
Demographics for 23464, VA
75,118
Population
29,267
Households
2.6
Avg Household Size
38
Median Age
38%
College-Educated
94%
High-School Grad
16.7 sq mi
ZIP Area
4,498
Density / Sq Mi
$89,790
Median Household Income
$49,794
Median Earnings
$1,644
Median Rent
$339,300
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - 13,125 sq ft office building is 100% occupied by four tenants with staggered lease expirations.
Where is this office building located?
The property is located at 5226 Indian River Rd Virginia Beach, VA.
What are key features of this property?
This property features: 13,125 sq ft building at 5226 Indian River Road, Virginia Beach, VA, fully occupied by 4 tenants; Engineering & Testing Services tenant occupies half the building; lease expires June 2027 with option to renew and 3% rent escalation; Glass Doctor tenant has operated at the location for three years; lease expires December 2028 with option to renew and 3% rent escalation
