501 & 503 Industry Drive, Hampton, VA for sale

Investment Overview

Investment opportunity to acquire a fully leased two-building industrial portfolio totaling 14,500 SF on 1.71 acres in Hampton, Virginia. The portfolio is occupied by established industrial tenants and provides immediate cash flow with future rental upside through below-market rents. Strategically located within Copeland Industrial Park with convenient access to Newport News Shipbuilding, Hampton, and the greater Hampton Roads market

Investment Highlights

• Fully leased 14,500 SF industrial portfolio on 1.71 acres comprised of two separate buildings and parcels.
• Stable in-place cash flow from two established tenants, including MCA, a national communications contractor that recently extended its lease.
• Current NOI of approximately $149,051 with projected NOI upside to $161,801 through rent growth opportunities.
• Below-market rent at 503 Industry Drive provides a near-term value-add opportunity for investors.
• Attractive 7.27% in-place cap rate with tenants responsible for real estate taxes and insurance reimbursements.