Listed by Coldwell Banker Commercial Brooks Real Estate
$228,000
7319 Martin St Unit 5 -The Heritage House
Details
APN 41848
Property Type Office
Sub Type Executive Office
Square Footage 1,265
Net Rentable (SqFt) 1,265
Units 1
Cap Rate 5.34%
NOI $12,178
Occupancy 100%
Tenancy Single
Brand/Tenant Sentara Hospital
Lease Type Modified
Lease Term 3
Lease Expiration 07/31/2029
Remaining Term 3
Rent Bumps Yes
Pro-Forma Cap Rate 5.34%
Pro-Forma NOI $12,178
Price per SqFt $180
Class B
Year Built 2008
Year Renovated 2025
Acreage 0.270
Zoning B-2
Investment Type Core
Tenant Credit Corporate Guarantee, Credit Rated
Lease Commencement 08/01/2026
Ground Lease No
Ownership Fee Simple
Office | 5.34% CAP | 1,265 SqFt
Marketing description
EXCELLENT INVESTMENT OPPORTUNITY! Fully rented 1,265 SF condo Unit with minimal Landlord responsibilities. 3- year lease in place with credit tenant (Sentara Hospital).
Unit #5 located in the desirable Heritage House Office Building. Walking distance to Gloucester Courthouse. Building and Unit are in excellent Condition. Exterior building renovated in 2025. Unit #5 HVAC replaced in 2021 and interior repainted in 2023.
Listing Contacts
Listed by Coldwell Banker Commercial Brooks Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$12,178.00
$1,014.83/mo
Valuation Metrics
0
DSCR
5.34%
Cap Rate
5.34%
ROI
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