555 S Independence Blvd, Virginia Beach, VA
61,528 SF Class A office building for sale.
- Added:
- Jun 21, 2023
- Days on Market:
- 1085
- Last Refresh:
- May 20 at 9:54 pm
Property Features for 555 S Independence Blvd
General Information
- Standard status
- Active
- Size
- 61,528 SF
- Lot size
- 3.39 Acres
- Property subtype
- OFFICE
Properties For Sale
at 555 S Independence Blvd Contact us
Listing agent Christine Kaempfe (757) 636-0047
Listing office Cushman & Wakefield | Thalhimer - Virginia Beach (757) 636-0047
Listing date Jun 21, 2023
Source Moodyscre
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 Cushman & Wakefield | Thalhimer - Virginia Beach
HighLights
- Class A office building
- Ideal headquarters location
- Located in the Virginia Beach Town Center submarket
- 61,528 square feet of space
- Top quality interior and exterior finishes
- Excellent visibility in high traffic corridor
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.29M | $21.00 |
| − Vacancy | −$200.3k | −$3.26 |
| EGI | $1.09M | $17.75 |
| − OpEx | −$273.0k | −$4.44 |
| NOI | $818.9k | $13.31 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Virginia Beach
- County
- Virginia Beach
- State
- Virginia
- Longitude
- -76.1282
- Latitude
- 36.8235
