Technology Center | Flex Space | 81,426 SF | 100% Occupied
81,426 SSF
Marketing description
Friedman Real Estate is pleased to present this 81,426 SF Flex Space in Newport News, VA. The subject property has +/- 32,700 SF of warehouse space and +/-48,800 SF of premier first floor office space. This site is 100% leased to 12 tenants with long-term historical occupancy. The subject property has been proactively and routinely maintained by ownership and is in great condition. Ownership has made over $350,000 worth of recent upgrades and maintenance to the property.
Investment highlights
Flex Space - +/-32,700 SF of warehouse space and +/-48,800 SF of first floor office space
100% Leased to 12 tenants
7 Dock High Doors
The subject is within a mile of I-64, which provides convenient access to the entire regional expressway system
Within a three-mile-radius, there are ±5.0M SF of industrial properties with a vacancy rate of ±0.3%
Newport News School Board (NNSB) is a main anchor tenant which occupies 47,928 (±60%) of the building under three separate lease agreements. NNSB lease agreement expires in 2033
Concentra Health Services leases 20 parking spaces on a month-to-month basis for additional income
C4 zoning allows for a wide range of uses, including offices, financial institutions, retail establishments, certain types of manufacturing, municipal facilities, cultural centers, transportation hubs, and entertainment venues
15’ 6” Foot Ceiling Heights
Option to buy adjacent 1.66-acre vacant parcel. Parcel has been fully entitled and approved for 16,000 SF building (contact broker for more info)
https://www.friedmanrealestate.com/Properties/813_Diligence_Dr_Newport_News_VA.mp4
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
