For Sale
$8,355,000

5849 Harbour View Blvd Suffolk, VA 23435

Class A, 22,395 SF, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Class A medical office building, totaling 22,395 square feet, is situated at 5849 Harbour View Blvd in Suffolk, Virginia (zip code 23435). Constructed in 2008, this two-story building boasts a 100% occupancy rate with a weighted average lease term of approximately five years, minimizing near-term lease rollover risk. The property is strategically located on a major thoroughfare in the rapidly expanding Harbourview/North Suffolk submarket, an area with only 3.9% office vacancy within a total of 1.4 million square feet of office space. The building's tenant roster includes prominent medical practices such as Konikoff Dentistry (Dental Care Alliance), United Property Association, Chesapeake Regional Medical Associates, and Klar Holmes Orthodontics (Dental Care Alliance). The anchor tenant, Dental Care Alliance, recently received a valuation of approximately $2 billion, underscoring the financial strength of the tenant base. The building itself is impeccably maintained and features distinctive, modern build-outs, reflecting a high standard of quality and design. This presents a compelling investment opportunity in a high-growth market with exceptional visibility and strong demographics. The asking price is $8,355,000.

Highlights

  • Impeccably maintained medical office building with modern finishes.
  • High-traffic location with excellent visibility and strong demographics.
  • Fully leased to creditworthy tenants, boasting a 5-year weighted average lease term (WALT) and no immediate lease expirations.
  • Anchor tenant, Dental Care Alliance, recently received a $2 billion valuation.

Property Details for 5849 Harbour View Blvd

Property type
Office properties, Medical offices
Square Feet
22,395 SF
Class
A
Year Built
2008
Stories
2

Location Insight

City
Suffolk
County
Suffolk
State
Virginia
Latitude
36.8732694
Longitude
-76.4406723

FAQs

What type of property is this?
Office property - Class A, 22,395 SF, 100% Occupied
Where is the office property located?
The property is located at 5849 Harbour View Blvd Suffolk, VA.
What is the asking price?
The asking price for this property is $8,355,000.
What are key features of this property?
This property features: Impeccably maintained medical office building with modern finishes.; High-traffic location with excellent visibility and strong demographics.; Fully leased to creditworthy tenants, boasting a 5-year weighted average lease term (WALT) and no immediate lease expirations.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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5849 Harbour View Blvd
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