Automotive Highway Properties Portfolio
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Automotive Highway Properties Portfolio
16 Retail Properties Offered at $36,566,399 CAD in Norfolk, VA
Investment Highlights
- Portfolio tenants include: Avis Car Rental, Leslie’s Pool Supplies, car and truck repairs, car stereo installation, and used car dealerships.
- Close to the Norfolk International Airport (“ORF”) located on major thoroughfares.
- Many of the parcels have great highway exposure to attract automobile dealerships and related service facilities clientele.
- Excellent signage in place on most properties for high visibility.
Executive Summary
The ultimate buyer of these properties gains the opportunity to hit the ground running and be actively engaged in oversight and implementation of a proven real estate portfolio generating net operating income of approximately $1,300,000.00. The redacted rent roll on page iii of the brochure provides basic information with current rent rates available after signing a confidentiality agreement and basic introductions between buyer and seller. A 23 page brochure is attached explaining all 16 parcels.
It is conceivable that some tenants may wish to purchase their occupied parcels, thus reducing the portfolio size and purchase price accordingly. This is an open listing paying 1% commission to agents/brokers who are not affiliates of the purchaser. The portfolio is on an "as-is and where-is" basis without representations except as to the existing lease documents. As of today, the portfolio will sell for $26MM (based on current NOI of $1.3MM increasing +/-3% per year). No parties are obligated until a mutually satisfactory agreement is entered into by all parties. Feel free to register your clients who have expressed an interest in having your efforts represent them in this portfolio and contact me for further information.
It is conceivable that some tenants may wish to purchase their occupied parcels, thus reducing the portfolio size and purchase price accordingly. This is an open listing paying 1% commission to agents/brokers who are not affiliates of the purchaser. The portfolio is on an "as-is and where-is" basis without representations except as to the existing lease documents. As of today, the portfolio will sell for $26MM (based on current NOI of $1.3MM increasing +/-3% per year). No parties are obligated until a mutually satisfactory agreement is entered into by all parties. Feel free to register your clients who have expressed an interest in having your efforts represent them in this portfolio and contact me for further information.
Taxes & Operating Expenses (Actual - 2023) |
Annual (CAD) |
---|---|
Gross Rental Income | - |
Other Income | - |
Vacancy Loss | - |
Effective Gross Income | - |
Net Operating Income | $1,826,084 |
Taxes & Operating Expenses (Actual - 2023)
Gross Rental Income (CAD) | |
---|---|
Annual | - |
Other Income (CAD) | |
---|---|
Annual | - |
Vacancy Loss (CAD) | |
---|---|
Annual | - |
Effective Gross Income (CAD) | |
---|---|
Annual | - |
Net Operating Income (CAD) | |
---|---|
Annual | $1,826,084 |
Property Facts
Price | $36,566,399 CAD | Number of Properties | 16 |
Price / SF | $431.72 CAD / SF | Individually For Sale | 1 |
Cap Rate | 5% | Total Building Size | 84,700 SF |
Sale Type | Investment | Total Land Area | 13.58 AC |
Status | Active |
Price | $36,566,399 CAD |
Price / SF | $431.72 CAD / SF |
Cap Rate | 5% |
Sale Type | Investment |
Status | Active |
Number of Properties | 16 |
Individually For Sale | 1 |
Total Building Size | 84,700 SF |
Total Land Area | 13.58 AC |
Properties
Show More > < Show Less
1 of 1
1 of 37
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
JCF
Automotive Highway Properties Portfolio
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.