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32937475
32937474

5803 Curlew Dr, Norfolk, VA 23502

Cushman & Wakefield Thalhimer - Norfolk/Virginia Beach, Virginia
Listed by Cushman & Wakefield Thalhimer - Norfolk/Virginia Beach, Virginia
$5,390,000
1330 days on market
Updated 8 days ago

5803 Curlew Drive

Details
Property Type Office, Industrial
Sub Type Distribution, Warehouse
Square Footage 37,128
Cap Rate 7.40%
NOI $401,768
Tenancy Single
Brand/Tenant Continental Tide Defense Systems, Inc.
Lease Type NNN
Lease Expiration 03/30/2032
Remaining Term 6
Acreage 1.440
Zoning I-L (Light Industrial)
Parking Spaces 40 spaces
Parking Per SqFt 1.08
Ceiling Height 28’
Dock High Doors 3

Office | 7.40% CAP | 37,128 SqFt

Marketing description

Cushman & Wakefield | Thalhimer is pleased to exclusively offer for sale 5803 Curlew Drive (the “Property”), a ±37,128 SF industrial asset located within the established Norfolk Industrial Park—one of Hampton Roads’ most strategic and accessible submarkets. The Property benefits from immediate connectivity to the I-64 and I-264 corridors, enabling efficient regional distribution and strong frontage visibility along Curlew Drive. Constructed with durable steel and fire-resistant framing, the facility is further enhanced by fiber optic connectivity, a fenced and gated side yard, and ample on-site parking.

The building features a highly functional layout with approximately 10,000 SF of office and 27,128 SF of warehouse space. Key features include 28’ clear height, three overhead doors, and two 5-ton bridge cranes supporting heavy manufacturing or fabrication operations. The facility also offers 3-phase power and a 17’ hook height, providing the infrastructure required for efficient operations and long-term scalability.

Investment highlights

  • Market Momentum & Industrial Demand Drivers
  • Hampton Roads benefits from port activity, military presence, and shipbuilding demand
  • Continued lack of new industrial supply in core Norfolk locations
  • Strong long-term fundamentals driven by logistics, defense contracting, and regional distribution growth
  • Stable Income With Upside Potential 
  • Leased to Continental Tide Defense Systems, Inc., a defense-related tenant 
  • 6 years of remaining term with extension options 
  • Below-market positioning provides opportunity for future rent growth and mark-to-market upside
  • Functional Heavy Industrial Infrastructure 
  • ±37,128 SF facility with a balanced office (±10,000 SF) and warehouse layout 
  • 28’ clear height, three overhead doors, and two 5-ton bridge cranes
  • 3-Phase power and 17’ hook height supporting manufacturing, fabrication, and specialized users
  • Strategic Infill Industrial Location 
  • Located within Norfolk Industrial Park— one of Hampton Roads’ most established industrial corridors 
  • Immediate access to I-64 and I-264, enabling efficient regional and port connectivity 
  • Strong frontage and visibility along Curlew Drive in a supply-constrained infill submarket

Listing Contacts

Cushman & Wakefield Thalhimer - Norfolk/Virginia Beach, Virginia
Listed by Cushman & Wakefield Thalhimer - Norfolk/Virginia Beach, Virginia

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$401,768.35
$33,480.70/mo

Valuation Metrics

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DSCR
7.45%
Cap Rate
7.45%
ROI

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