Bank of America for Sale in Chesapeake, VA
Chesapeake, VA
Key Investment Metrics
Price
$850,000
Cap Rate
9.2%
Net Operating Income
$78,030
Building Size
5500 SF
Land Area
0.28 Acres
Lease Type
NNN
Tenant Credit
Credit Rated
Year Built
1960
Occupancy
100%
Tenancy
Single
Property overview
Bank of America in Chesapeake
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 5,500 SF
- Land area
- 0.28 acres
- Year built
- 1960
- Lease type
- NNN
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.