Listing Agency: SRS Real Estate Partners Newport Beach p***@srsre.com Show Phone

Listed By: Matthew Mousavi · License #CA 01732226

Source: Crexi

Added: Apr 12 Changed: Jul 22 Last Checked: Jul 30 at 1:41PM

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Investment Insights

Based on property information with market context.

This industrial specialty property is being offered for sale and is listed at 15,780 SF. The offering materials reference a 6.50% CAP rate.

The property is located at 740 S. Military Highway in Virginia Beach, Virginia. Additional details on building features, tenancy, and improvements are not provided in the supplied information, so interested parties should confirm specifics directly with the listing broker.

Key Highlights

• Industrial property with 15,780 SF available for sale
• Stated 6.50% CAP rate

Property Analytics

Current Use

EquipmentShare (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Parking Lot & Garage Skin Care Clinic Bakery Food Market Grocery & Convenience Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

287

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

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Frequently Asked Questions

What type of property is this?

Specialty property - Industrial property offered for sale with 15,780 SF and a stated 6.50% CAP rate.

Where is this specialty property located?

The property is located at 740 S Military Highway Virginia Beach, VA.

What are key features of this property?

This property features: Industrial property with 15,780 SF available for sale; Stated 6.50% CAP rate