Glen DeVere Building
Executive Office & Medical Building | Kempsville
Marketing description
Executive Office & Medical Investment | Kempsville | Value-Add + Owner-User Play
Positioned along high-traffic Princess Anne Road, this 17,185+ SF freestanding office and medical building offers a rare combination of in-place income, leasing upside, and long-term owner-user flexibility.
The asset sits in a proven medical and professional corridor near Sentara Leigh Hospital, with direct connectivity to Interstate 64 and Interstate 264—driving consistent tenant demand and strong visibility.
Investment Profile:
- Stabilized tenancy with proven rental history
- Multiple suites in place with remaining vacancy for lease-up or owner occupancy
- Diverse tenant mix supports income durability
- Modified gross structure controls expenses and simplifies management
Physical & Site Advantages:
- Two-story, elevator-served building
- 86 parking spaces across dual access lots
- Ingress/egress from both traffic directions
- Strong signage exposure along a major arterial
Value-Add Opportunities:
- Lease-up of vacant suites to increase NOI
- Push rents through updated suites and market repositioning
- Ideal for medical, professional, or service-based tenancy
- Owner-user can offset occupancy cost with in-place income
Lease Structure:
- Landlord covers common area maintenance, utilities (electric, water, sewer; gas in select units), and janitorial
- Tenants responsible for in-suite services, telecom, and HVAC maintenance
Why This Asset Works:
- High-demand location with medical synergy
- Functional layout for multi-tenant or single-user conversion
- Strong visibility drives tenant retention and leasing velocity
- Clear path to increased income and long-term appreciation
This is a clean, strategic acquisition for an investor seeking yield with upside—or a business owner ready to control their space while building equity.
Investment highlights
Position your business in one of Kempsville’s most visible and accessible locations. This two-story, freestanding office and medical building offers strong exposure along Princess Anne Road, steady traffic counts, and easy access from both northbound and southbound lanes.
The property features over 17,000 square feet, an elevator, and dual parking lots with ample capacity for clients and staff. Its proximity to Sentara Leigh Hospital and direct access to Interstate 64 and Interstate 264 supports medical, professional, and service-based uses.
Ideal for:
- Owner-occupants seeking long-term control of their space
- Medical or professional users needing visibility and access
- Investors looking for stable income with existing tenancy
Property Highlights:
- Freestanding, two-story building with elevator
- High-visibility frontage on Princess Anne Rd
- 84 parking spaces across two lots
- Multiple suites with recent updates, including HVAC improvements
- Strong signage opportunities to elevate your brand presence
Lease Structure & Inclusions:
- Modified gross structure simplifies monthly budgeting
- Landlord covers:
- Common area janitorial (including restrooms and elevator)
- Electric, water, sewer (select suites include gas)
- Tenants control:
- Internet, phone, and security systems
- In-suite HVAC service and maintenance
This property delivers the combination most businesses want: visibility, access, parking, and a professional setting that supports growth.
If you're looking for a location that strengthens your brand and supports long-term success, this checks the boxes.
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