REVA offering an ideal investment in CHESAPEAKE, VA, Class B+ Office Building
Richmond, Va., — Real Estate Value Advisors (REVA) is pleased to announce a new offering available to accredited investors. This high quality, all cash/debt free, Class B+ office in Chesapeake, VA. Battlefield Technology Center is well constructed and has been institutionally owned and managed since completion in 2001.
Occupancy has been well above 90% for the property throughout the last decade and the entire Greenbrier submarket enjoys a very low 7.7% vacancy rate. Strong tenants with historically long term commitments to the building serves to further enhance the investment appeal of this asset.
The Battlefield Technology Center is located in the premier office park in Virginia’s largest metroplex. This Class B+ office building is 100% leased, anchored by a branch of the US Navy, in an area filled with large, national credit tenants like Capital One, USAA, General Dynamics, TEK Systems, Volvo, SunTrust Banks, Dollar Tree, Chubb, Northrop Grumman, Sentara Healthcare, US Coast Guard and Cox Communication to name a few.
The building has easy access to interstate 64 & 464 and conveniently located 14 miles from Norfolk International Airport. Battlefield features brick and high performance glass construction in a park setting surrounded by lakefront jogging trails and interstate visibility. The nearby area offers a plethora of amenities in immediate proximity to the asset making it very convenient for employees. Restaurants, retail, banking and services are all nearby on major travel routes only minutes away. The property also enjoys convenient access to major residential neighborhoods that serve both executive and workforce needs.
“We are delighted to provide investors with cash flow expected at 7.0 % in the first year,” Sadler said.
REVA, with a stellar track record of performing well in good markets and bad and more than $400 million in office transactions, has structured the Battlefield Technology Center investment offering to qualify as a 1031 Exchange and Direct Cash Investors.
REVA serves over 400 investors while stewarding a portfolio of nearly $750 million in assets stretching from the upper Mid-Atlantic region to the Florida coast and west to Georgia and Texas.
For more information on this offering, 1031 Eligible properties or REVA, visit www.revacompanies.com or email firstname.lastname@example.org.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon REVA’s (the “Company”) present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements.