2131 Valley View BLVD
Office | 6.50% CAP | 11,346 SF
Listing Contacts
License: VA VA 0225189906
Active
Asking Price: $2,400,000
Address
2131 Valley View Blvd NW, Roanoke, VA 24012
Show on MapDate Added
Jun 21, 2023
Days on Market
634 days
Time Since Last Update
68 days
Details
Property TypeOffice
SubtypeExecutive Office
Investment TypeNet Lease
ClassB
Lease TypeNN
Tenant CreditCorporate Guarantee
TenancySingle
Lease Term6 years
Lease Commencement12/31/2022
Lease Expiration12/30/2028
Remaining Term3.8 years
Square Footage11,346
Price/Sq Ft$211.53
Cap Rate6.50%
Occupancy100%
Occupancy Date12/31/2022
NOI$156,021
Year Built1988
ZoningMX (c)
Lot Size (acres)2.29
Rent Bumps3% Annual Escalations
Lease Options1 - 5 Year Renewal
Marketing Description
Fully leased investment opportunity! 2131 Valley View BLVD offers 11,346 sf of recently updated office space. This well maintained property is located in a highly sought-after area, offering convenient access to nearby major roadways. Building is 100% leased to a strong tenant with multiple locations across Virginia on a 6 year lease (5.5 years remaining) and receives additional income through a Verizon antenna lease. With minimal landlord responsibilities, this is an ideal opportunity for an investor or a 1031 buyer. Additional information regarding the leases in place will be provided following the completion of a Confidentiality Agreement. Call Zack May at (540)855-3643 for more information or to setup a tour.
Investment Highlights
- Prime Location
- Recently Updated
- 6 Year NN Lease in place
- Excellent Visibility
- Minimal Landlord Responsibilities
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$156,021.00
$13,001.75/mo
Valuation Metrics
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0
DSCR
6.5%
Cap Rate
6.5%
ROI
Due Diligence
Listing Contacts
- License: VA VA 0225189906
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Broker Information
Broker Information
Broker Name
Matt Huff
Broker License
VA VA 0225189906
Brokerage Name
Poe & Cronk Real Estate Group
Broker Title
Managing Broker
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