For Sale
$5,560,000

1419 Cedar Rd Chesapeake, VA 23322

Class A, 15,638 SF Medical Office

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Class A medical office building, totaling 15,638 square feet, presents a compelling investment opportunity in Chesapeake, Virginia. Situated at 1419 Cedar Rd, this two-story building, constructed in 2006, enjoys a highly visible location directly across from Tidewater Community College's Chesapeake campus. The property currently houses Dental Care Alliance and Cedar Road Medical Associates, part of the Bayview Medical Group family, demonstrating strong existing tenancy. Located within a well-established southern Chesapeake submarket boasting 720,000 square feet of office space, the building benefits from a low 5.4% vacancy rate, indicating a stable and desirable market. The asking price for this prime medical office asset is $5,560,000. The property's strategic location and strong tenant occupancy make it an attractive investment for those seeking a stable, high-performing asset in a thriving medical market. The building's 2006 construction ensures modern amenities and efficient layouts, catering to the needs of medical professionals and their patients. Its prominent position across from a major educational institution further enhances its visibility and accessibility. This is a rare opportunity to acquire a well-established, high-quality medical office building in a sought-after location. The zip code is 23322.

Highlights

  • $5,560,000 asking price.
  • 15,638 square foot Class A medical office building.
  • Two-story building constructed in 2006.
  • Located at 1419 Cedar Rd, Chesapeake, VA 23322.
  • Currently occupied by dental and medical tenants.

Property Details for 1419 Cedar Rd

Property type
Office properties, Medical offices
Square Feet
15,638 SF
Class
A
Year Built
2006
Stories
2

Location Insight

City
Chesapeake
County
Chesapeake
State
Virginia
Latitude
36.722742
Longitude
-76.2925314

FAQs

What type of property is this?
Office property - Class A, 15,638 SF Medical Office
Where is the office property located?
The property is located at 1419 Cedar Rd Chesapeake, VA.
What is the asking price?
The asking price for this property is $5,560,000.
What are key features of this property?
This property features: $5,560,000 asking price.; 15,638 square foot Class A medical office building.; Two-story building constructed in 2006.
How can I contact the broker?
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1419 Cedar Rd
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