We are very excited to announce that Patrick L. Reynolds, CCIM has joined NAI Eagle as a Senior-Vice President – Managing Director Hampton Roads. This will allow Patrick to continue to provide superior service to clients, customers, tenants, and landlords on an even larger scale as part of the NAI Global platform. Additional information provided below:
Greenbrier Investment Property for Sale – 2117 Smith Avenue, Chesapeake, VA 23320
Three building complex consisting of a 12,000 sqft two-story office building, a 6,000 sqft office and office/flex building, and a 5,400 sqft office and office/flex building. Situated on 2.497 acres in the Greenbrier section of Chesapeake, VA, the largest business and retail area in Hampton Roads.
Current owner will consider a Sale/Lease-Back transaction, and sign a new lease a closing with the new owner. This will allow for immediate income for the new owner for an investment property or as an owner/user expenses will be offset by income from an existing tenant.
For additional information: Loopnet Listing – 2117 Smith Ave, Chesapeake, VA
Patrick L. Reynolds, CCIM | Principal Broker – President | Ashby Real Estate Group 2001 Old Greenbrier Road | Suite A | Chesapeake | VA | 23320 |Office: 757.216.8438 www.AshbyRealEstateGroup.com | firstname.lastname@example.org
The commerical real estate industry is trying to set standards for measuring commercial real estate. Interesting article on the first steps towards a standardized system.
Cap Rates are used almost daily by all commercial real estate professionals. Whether it be calculating a listing price, and offering price, or looking for an investment. The link below is a very interesting article on Cap Rate Variations.
Old Dominion Center for Real Estate and Economic Development held their annual Real Estate Market Review this month at Old Dominion University. The links below will take you to the 2015 reports and presentations covered in this year’s event. This is a great event the center puts on every year and if you have an opportunity you should attend next year. Enjoy the reports and if you should have any additional questions please give us a call at Ashby Real Estate Group and we are happy to help.