Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1999
Building Area Net

Asset Description

Jones Lang LaSalle, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present this opportunity to purchase 400 Butler Farm Road (the “Property”), a 100,632 square foot facility located within the Hampton Roads Center submarket. Built in 1999 and renovated in 2017, the property is a Class A, single-story corporate office building on 14.3 acres of land.


The central location is easily accessible by Interstate 64, is just two miles from the extensive amenities offered by Peninsula Town Center, and less than 15 minutes from Langley Air Force Base. The building itself features an array of amenities including a cafeteria with commercial grade kitchen, fitness center, numerous breakrooms, and an adjacent covered outdoor patio. The L-shape design with numerous points of entry allows for the space to be subdivided for users from 30,000 – 70,000 RSF. The absence of elevators and common areas, coupled with the presence of multiple direct access points/entrances, enables for COVID-friendly office spaces with rents at a discount to comparable product. The above-standard parking ratio of 6.9 spaces per 1,000 square feet is ideal for multiple dense users, a 24/7 operation, and/or shift work. The City of Hampton offers incentives to potential occupiers as part of the Enterprise Zone Program.

Investment Highlights

  • 100,632 SF, Single-Story Class A Suburban Office Asset
  • Above-Standard Parking Ratio of 6.9 Spaces per 1,000 RSF
  • On-Site Fitness Center and Cafeteria with Commercial Grade Kitchen
  • “Plug and Play” Call Center with all FF&E Available Including 839 Haworth Workstations
  • 1,250 KWA Diesel Generator and UPS System
  • Owner Can Consider Converting Office Areas to Flex Space with 12’ Clear Height
  • HRT Bus Stop Located Directly in Front of Building
  • Located within Two Miles of Peninsula Town Center with Numerous Retailers, Restaurants, Entertainment Venues, and Hotels
Last Updated Date: 26 Oct 2021

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Last Updated Date: 26 Oct 2021

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