Listed by Divaris Real Estate Inc Corporate, Divaris Real Estate Inc
$7,250,000
5849 Harbour View Blvd
Details
APN 306000754
Property Type Office
Sub Type Medical Office
Square Footage 22,395
Cap Rate 7.80%
Occupancy 100%
Class A
Year Built 2008
Stories 2
Acreage 1.800
Office | 7.80% CAP | 22,395 SqFt
Marketing description
5849 Harbour View Blvd is a two-story medical office building located in the Harbourview/North Suffolk submarket, one of the fastest growing areas in the region. The submarket contains 1.4 million square feet of office space, and the current vacancy stands at just 3.9%. Strategically positioned on Harbour View’s main thoroughfare, the property offers excellent visibility and access.
Developed in 2008, the building measures 22,395 square feet and is home to Konikoff Dentistry (Dental Care Alliance), United Property Association, Chesapeake Regional Medical Associates, and Klar Holmes Orthodontics (Dental Care Alliance).
Location Description
Located in the Harbourview/North Suffolk submarket, one of the fastest growing areas in the region.
Investment highlights
- Impeccably maintained medical office building with distinctive, modern build outs
- Positioned in a highly trafficked location with excellent exposure and strong demographics
- 100% leased to strong tenants with a WALT of approximately 5 years and zero near-term rollover
- Anchor tenant, Dental Care Alliance, was recently valued at approximately $2 billion
- Strong Tenancy: Anchored by Dental Care Alliance,
- backed by Mubadala and Harvest Partners.
- Strong Rent Roll: Long-term, market-rate leases,
- annual bumps, and a staggered rollover schedule.
- Stable Market: Located in the Harbour View
- submarket - low vacancy, rising rents, strong demand.
- Prime Location: High-traffic site with modern buildouts.
- Debt-Free: Offered free and clear of existing financing.
Listing Contacts
Listed by Divaris Real Estate Inc Corporate, Divaris Real Estate Inc
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