600 Independence PkwyChesapeake, VA 23320

Property Details for 600 Independence Pkwy

Year built

1998

Lot size

11.40 AC

Property size (Sq ft)

99,781 SF

Zone code

MULTI: MULTIPLE ZONING

Property type

Office properties

Property subtype

Office buildings

APN

360000003620

APU

360000003620

Description

This exceptional Class A office building, located at 600 Independence Parkway in Chesapeake, Virginia, presents a compelling investment opportunity. The 96,615 square foot property, constructed in 1998, boasts a 100% occupancy rate with a diverse tenant roster. Major tenants include Chubb Insurance, a leading global financial services provider occupying 57% of the building since its construction and expected to renew their lease expiring July 2026

• CAP approach

  CAP return

  Valuation

  6%

  $18,512,760

  6.5%

  $17,088,700

  7%

  $15,868,079

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,198,514

  Geo Method

  $16,664,425

• Alternative Use

  Use

  Valuation

  Residential

  $21,189,988

  Hospitality

  $19,409,916

  Educational

  $16,148,822

  Medical

  $16,704,205

  Retail

  $25,120,390

Location Insight

City

Chesapeake

County

Chesapeake City

State

Virginia

Latitude

36.7615

Longitude

-76.2641

CBSA code

47260

CBSA name

VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].