REVA offering investment in Norfolk, VA, Class A Office Building
Richmond, Va., — Real Estate Value Advisors (REVA) is pleased to announce a new offering available to accredited investors. A high quality, all cash/debt free, Class A Office in Norfolk, VA, 150 Corporate Blvd. is well constructed and has been institutionally owned and managed since completion in 1994 for the FBI. The current tenant, PRA Group, Inc. (NASDAQ:PRAA) in 2015, has completely transformed the facility.
150 Corporate comprises of 158,000 square feet of leased space, is well located, and boasts direct access to Interstate 264 along with other major transportation arteries. One of the many great features of this property is an on-site light rail station. The quality residential and dense retail amenities make Corporate Boulevard Office Park a highly desirable location in the growing Norfolk market.
PRA Group, based in Norfolk, invested $2 million to remodel and added 28,000 square feet of office space to house about 100 information technology employees. This latest expansion of their Norfolk headquarters will support the company’s long-term growth. PRA Group currently occupies 100% of the space.
REVA Managing Director Steve Sadler named Corporate Boulevard Office Park an incredible facility for owners and tenants alike.
“Norfolk has a bustling economy with increases in jobs, a large military presence, the Naval port, and offers the ability to have an incredible life,” Sadler said. “We’re pleased to have a continuing presence in Norfolk.”
“We are delighted to offer our investors an expected 6.75% cash flow in the first year on this unbelievable investment,” Sadler stated.
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 150 Corporate DST investments offering to qualify as a 1031 Exchange, 1033 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.