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516 INNOVATION DR STE 305 Chesapeake VA 23320-3866

[Locked] • APN 0482017000035

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Details
Property Type Office
Sub Type Medical Office
Building SqFt 4,057
Lot SqFt 4,095
Acreage ******
Number of Units 1
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code PUD: PLANNED UNIT DEVELOP
Year Built 2008
Building Count 1
Opportunity Zone No
Lease Rate ******
Lease Type ******
Lease Term ******

Property History

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Property Type
Property Type
Office
Property Subtype
Medical Office
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Marketing Description
An exceptional opportunity to acquire a 4,059± sf medical office condominium In the Oakbrook business & technology center, one of Chesapeake's premier professional parks—home to the Regional FBI headquarters And other high-caliber government and healthcare tenants.

This offering delivers stable cash flow, minimal management, and a national healthcare tenant in one of Hampton roads’ most sought-after business parks. With a new 5-year lease and NNN structure, investors benefit from predictable income and strong long-term fundamentals in the medical office sector.

Ideal for 1031 exchange buyers or those seeking a passive, healthcare-anchored investment.

Begun in 2013 in Ft. Meyer, FL, the company was founded by Elizabeth Dosoretz, CEO and Founder, a licensed clinical worker, to meet the mental health challenges in her local community. Since that first clinic, DNA Elite has grown from a single clinic to a multi-state behavioral health group, including 34 locations across Florida, serving individuals and families with a wide range of mental health needs. Their location into 516 Innovation Dr., Chesapeake, VA is their second in Virginia with more planned in the Hampton Roads area, across the state, and the Southeast.

This property is located in Chesapeake, one of Virginia’s fastest-growing cities, known for its strong sense of community, excellent public services, and high quality of life. With a diverse and expanding population, Chesapeake offers the perfect environment for a thriving medical practice. Its central location in the Hampton Roads region, easy access to major highways, and proximity to neighboring cities like Norfolk and Virginia Beach make it convenient for both patients and healthcare professionals. Whether you're starting a new practice or expanding an existing one, Chesapeake is a smart, strategic choice.

The city of Chesapeake offers a judicious location with attractive real estate opportunities for medical professionals. With a growing population and continued commercial development, the city presents strong demand for healthcare services in both established neighborhoods and upand-coming areas. Medical office spaces in Chesapeake benefit from competitive pricing compared to nearby cities, modern infrastructure, and ample parking, making them ideal for patient accessibility and operational efficiency. Whether leasing or purchasing, investing in Chesapeake real estate positions your practice in a high-growth, business-friendly environment with long-term value.

Investment Highlights

    • Total: 4,059 + SF medical office condo
    • New 60-month Lease in Place with National Medical Group: Elite DNA Behavioral Health, Lease Term expires June 30, 2030
    • Tenant Pays Rent, Real Estate Taxes, Insurance, Condo Fees, Interior Repairs
    • Year 1 NOI: $100,975
    • Located in the Greenbrier | Battlefield submarket
    • Oakbrook Business & Technology Center Co-located with the Regional FBI Headquaters
    • New 60-Month Lease (Expires June 30, 2030)
    • Tenant: Elite DNA Behavioral Health (National Behavioral Health Group)
    • Lease Type: NNN (Absolute Net) – Tenant responsible for rent, real estate taxes, insurance, condo fees, and interior repairs
    • Landlord Responsibilities: Minimal
    • Situated in the Greenbrier / Battlefield submarket—a high-growth, high-income corridor in Chesapeake
    • Co-located with the FBI Regional Headquarters, offering strong security and institutional co-tenancy
    • Easy access to I-64, Volvo Parkway, and Greenbrier Parkway, minutes from regional medical centers, shopping, and major employers
    • Surrounded by a strong mix of medical, technology, and professional users
    Property Type
    Property Type
    Office
    Property Subtype
    Medical Office
    Marketing Description

    For Sale or Lease

    4,059 + square foot medical office condo

    Excellent layout: Six (6) exam rooms

    • Six (6) exam rooms

    • Seven (7) private offices

    • Break area

    • Lab room

    • Reception/waiting area

    Located in the Greenbrier | Battlefield submarket

    Modern medical buildout with sinks and built-in upper & lower cabinets in every room

    Investment Highlights

    Features covered drop off area, two-story building lobby, 5.0 parking spaces per 1,000 SF, two building elevators, automatic/ADA building entry doors, pre-wired for high-speed internet access, remote controlled intercom system for after-hours access

    Sale Date
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    Loan History

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    Financial History

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    Tax History

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    Contact Information

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    Ownership Information

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    Zoning

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    PUD PlannedPlanned Unit Development
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    Last updated Apr 23, 2026 For deeper zoning details, reports are available at Zoneomics

    Property Details

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    Contacts

    Listing removed on
     BY:
    RS
    Rob Sult, CCIM
    •••.•••.8205
    •••sult@•••••••••••••.com
    Brokerage logo
    Listing removed on
     BY:
    MA
    Michael Allen, CCIM PRO
    •••.•••.6660
    ••••••••llen@•••••••••••••.com
    Brokerage logo

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