Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate 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 1988
Building Area
Land Area ()
Number of units 35

Property Description

Jones Lang Lasalle, as sole and exclusive agent, has been retained to offer the 35-unit Dominion Village at Chesapeake located in Chesapeake, VA. The offering presents investors with an attractive opportunity to acquire and reposition a vacant seniors housing asset or convert to a myriad of uses.


PROPERTY SUMMARY

Property Name: Dominion Village at Chesapeake

Address: 2856 Forehand Dr. Chesapeake, Virginia

Year Built: 1988

Gross SF: 17,350 SF

Land SF: 169,887

Land Acres: 3.9 Acres

Zoning: R8 Rural Residential

Stories: Single-story

Units: 35 units

Parking: 65

Investment Highlights

  • Value-Add Opportunity
  • Strong Median Household Income
  • Resilient Economy - isn't driven by seasonal and/or cyclical industries
  • Total population within a three-mile radius is expected to outpace the national growth rate through 2025
  • Median household income within a three-mile radius is 15% greater than national averages
  • Median housing value within a one-mile radius is $252,111 nearly 6.74% than the national average of $235,127
Last Updated Date: 30 Mar 2021
Zachary Rigby
Zach Rigby
Director, Capital Markets
Jason Skalko
Jason Skalko
Director, Capital Markets

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Last Updated Date: 30 Mar 2021

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