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Office Flex

Acredale Bus Park | Office Flex Bldg

5226 Indian River Rd, Virginia Beach, VA 23464

Listing Price: $1,975,000

Cap Rate
8.21%
Rentable SF
11,928
Lot Size
1.05 acres
Year Built
1986

Investment Overview

Marcus & Millichap proudly presents Acredale Bus Park | Office Flex
Bldg, located at 5226 Indian River Road, Virginia Beach, VA 23464.
This 13,125 SF building, built in 1986 and fully renovated in 2008,
boasts ample parking, 100% occupancy for the past 16 years, and
strategic proximity to Indian River Road and Kempsville Road. With
stable cash flow, potential rent growth, and strong tenant retention,
this property offers an exceptional investment opportunity. The
property is occupied by four strong tenants who have built successful
businesses in this location:

Engineering & Testing Services (“ETS”): The anchor tenant
specializes in Geotechnical Engineering and Construction Materials
Testing across Virginia, North Carolina, Maryland, and Delaware.
ETS occupies 5,988 SF of the building under a lease expiring in June
2027, with annual rent increases of 2%.

Glass Doctor: Provides high-quality glass products and services to
Virginia Beach and surrounding areas. Glass Doctor has occupied
3,038 SF of the building for four years at this location, with a lease
expiring in December 2028 and annual rent increases of 3%.

Life Compass Therapy: Specializing in family, individual, and couples
counseling, offering personalized treatment plans and achievable
goals to their patients. Life Compass Therapy occupies 1,250 SF of
the building, their lease expires in January 2025 with 3% annual rent
escalations.

Sky Surgical: Sky Surgical specializes in providing medical supplies
for customers. Sky Surgical has been in occupancy for three years
and occupies 2,000 SF of the building with a lease expiring in
November 2025. There are no renewal options built into the existing
lease.

With a diverse tenant mix and leases structured for income growth,
5226 Indian River Road is a prime investment opportunity in a thriving
commercial area. Contact Marcus & Millichap today to seize this
chance to acquire a property poised for continued success and value
appreciation.

Investment Highlights

  • Fully renovated in 2008
  • Class B office building with 100% occupancy for the past 16 years
  • The Office Flex building is equipped with five roll-up doors
  • Excellent location near I-64, featuring ample parking
  • Positioned near the bustling intersection of Indian River Road & Kempsville Road
  • An anchor tenant with a long-term lease has occupied 50% of the building since 2008, ensuring stability and reliability

Exclusively Listed By

Financing By

Office Flex

Acredale Bus Park | Office Flex Bldg

Listing Price: $1,975,000

Cap Rate
8.21%
Rentable SF
11,928
Lot Size
1.05 acres
Year Built
1986

Investment Highlights

  • Fully renovated in 2008
  • Class B office building with 100% occupancy for the past 16 years
  • The Office Flex building is equipped with five roll-up doors
  • Excellent location near I-64, featuring ample parking
  • Positioned near the bustling intersection of Indian River Road & Kempsville Road
  • An anchor tenant with a long-term lease has occupied 50% of the building since 2008, ensuring stability and reliability

Investment Overview

Marcus & Millichap proudly presents Acredale Bus Park | Office Flex Bldg, located at 5226 Indian River Road, Virginia Beach, VA 23464. This 13,125 SF building, built in 1986 and fully renovated in 2008, boasts ample parking, 100% occupancy for the past 16 years, and strategic proximity to Indian River Road and Kempsville Road. With stable cash flow, potential rent growth, and strong tenant retention, this property offers an exceptional investment opportunity. The property is occupied by four strong tenants who have built successful businesses in this location: Engineering & Testing Services (“ETS”): The anchor tenant specializes in Geotechnical Engineering and Construction Materials Testing across Virginia, North Carolina, Maryland, and Delaware. ETS occupies 5,988 SF of the building under a lease expiring in June 2027, with annual rent increases of 2%. Glass Doctor: Provides high-quality glass products and services to Virginia Beach and surrounding areas. Glass Doctor has occupied 3,038 SF of the building for four years at this location, with a lease expiring in December 2028 and annual rent increases of 3%. Life Compass Therapy: Specializing in family, individual, and couples counseling, offering personalized treatment plans and achievable goals to their patients. Life Compass Therapy occupies 1,250 SF of the building, their lease expires in January 2025 with 3% annual rent escalations. Sky Surgical: Sky Surgical specializes in providing medical supplies for customers. Sky Surgical has been in occupancy for three years and occupies 2,000 SF of the building with a lease expiring in November 2025. There are no renewal options built into the existing lease. With a diverse tenant mix and leases structured for income growth, 5226 Indian River Road is a prime investment opportunity in a thriving commercial area. Contact Marcus & Millichap today to seize this chance to acquire a property poised for continued success and value appreciation.

Exclusively Listed By

Financing By

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