Listed by NAI NP Dodge
$1,579,000
2501 Lakeridge Drive
Details
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 12,478
Occupancy 100%
Tenancy Multi
Class B
Year Built 1998
Buildings 1
Stories 1
Acreage 1.110
Zoning O-D
Office | 12,478 SqFt
Marketing description
Southwest Corner of Benjamin Ave and N 25th Street
Investment highlights
- Ideal for Owner-User: Future flexibility to occupy space while benefiting from in-place income during the hold period.
- Lease Expiration Timeline (2028): All/major leases expiring by end of 2028 provide a clear, near-term opportunity to reset rents to market without long-term encumbrances.
- Below-Market Rents In-Place: Existing tenants are paying lease rates significantly under current market levels, creating immediate upside potential for a new owner.
- Growing Local Demand Drivers: Norfolk’s regional economic activity supports long-term office demand and rent growth potential.
Listing Contacts
Listed by NAI NP Dodge
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