- For Sale $2,050,000
- Property Type Industrial - Manufacturing
- Property Size 14,500 SF
- Lot Size 1.71 Acre
- Date Updated Jul 20, 2026
- HVAC None
Description
Industrial campus along Industry Drive within Hampton’s Copeland Industrial Park, minutes from downtown Norfolk and Newport News shipbuilding facilities.Investment opportunity to acquire a fully leased two-building industrial portfolio totaling 14,500 SF on 1.71 acres in Hampton, Virginia. The portfolio is occupied by established industrial tenants and provides immediate cash flow with future rental upside through below-market rents. Strategically located within Copeland Industrial Park with convenient access to Newport News Shipbuilding, Hampton, and the greater Hampton Roads market
Highlights
- Attractive 7.27% in-place cap rate with tenants responsible for real estate taxes and insurance reimbursements.
- Below-market rent at 503 Industry Drive provides a near-term value-add opportunity for investors.
- Current NOI of approximately $149,051 with projected NOI upside to $161,801 through rent growth opportunities.
- Fully leased 14,500 SF industrial portfolio on 1.71 acres comprised of two separate buildings and parcels.
- Stable in-place cash flow from two established tenants, including MCA, a national communications contractor that recently extended its lease.
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Contacts
Bill Overman, CCIM
S.L. Nusbaum Realty Co.
Location
Located at 501 & 503 Industry Drive, Hampton, VA 23661, this property is part of the Copeland Industrial Park neighborhood and Richmond Tidewater market.
Contact Listing Broker
Bill Overman, CCIM
S.L. Nusbaum Realty Co.
