| CREOP

Property Description

Marcus & Millichap proudly presents Acredale Bus Park | Office Flex Bldg, located at 5226 Indian River Road, Virginia Beach, VA 23464. This 13,125 SF building, built in 1986 and fully renovated in 2008, boasts ample parking, 100% occupancy for the past 16 years, and strategic proximity to Indian River Road and Kempsville Road. With stable cash flow, potential rent growth, and strong tenant retention, this property offers an exceptional investment opportunity. The property is occupied by four strong tenants who have built successful businesses in this location:
Engineering & Testing Services (“ETS”): The anchor tenant specializes in Geotechnical Engineering and Construction Materials Testing across Virginia, North Carolina, Maryland, and Delaware. ETS occupies 5,988 SF of the building under a lease expiring in June 2027, with annual rent increases of 2%.
Glass Doctor: Provides high-quality glass products and services to Virginia Beach and surrounding areas. Glass Doctor has occupied 3,038 SF of the building for four years at this location, with a lease expiring in December 2028 and annual rent increases of 3%.
Life Compass Therapy: Specializing in family, individual, and couples counseling, offering personalized treatment plans and achievable goals to their patients. Life Compass Therapy occupies 1,250 SF of the building, their lease expires in January 2025 with 3% annual rent escalations.
Sky Surgical: Sky Surgical specializes in providing medical supplies for customers. Sky Surgical has been in occupancy for three years and occupies 2,000 SF of the building with a lease expiring in November 2025. There are no renewal options built into the existing lease.
With a diverse tenant mix and leases structured for income growth, 5226 Indian River Road is a prime investment opportunity in a thriving commercial area. Contact Marcus & Millichap today to seize this chance to acquire a property poised for continued success and value appreciation.

Property Highlights

Fully renovated in 2008
Class B office building with 100% occupancy for the past 16 years
The Office Flex building is equipped with five roll-up doors
Excellent location near I-64, featuring ample parking
Positioned near the bustling intersection of Indian River Road & Kempsville Road
An anchor tenant with a long-term lease has occupied 50% of the building since 2008, ensuring stability and reliability

Location Summary

5226 Indian River Rd, Virginia Beach, VA, is a prominent commercial building situated in a dynamic and thriving area characterized by modern architecture. It serves as a pivotal hub within the local business district, surrounded by a diverse array of commercial establishments. This location offers unparalleled convenience with easy access to a wide range of amenities, catering to the needs of both residents and businesses alike.
Strategically located near the intersection of Indian River Road and Kempsville Road, and with easy accessibility to I-64, the building enjoys excellent visibility and accessibility. This prime positioning enhances its attractiveness to businesses seeking a central and easily accessible location within Virginia Beach's bustling commercial landscape.
In terms of dining options, the area offers a variety of choices ranging from fast-food favorites like Burger King, Taco Bell, and Pizza Hut, to renowned coffee chains such as Starbucks and casual dining spots like Applebee's. This diverse culinary landscape ensures that employees and visitors have access to a wide selection of dining experiences.
Among its notable features, the building is surrounded by popular grocery stores such as Harris Teeter, Virginia ABC Store, Food Lion, Aldi, Panera Bread, and Wawa, providing essential shopping options within close reach. Additionally, the proximity to major financial institutions including Bank of America and Atlantic Union Bank adds further convenience for business operations.
In summary, 5226 Indian River Rd represents an ideal opportunity for businesses looking to establish or expand their presence in a vibrant and well-connected area of Virginia Beach, offering not only a strategic location but also access to a wealth of amenities and services essential for successful operations.