REVA offering investment in Richmond, VA, Class A Office Building.
Richmond, Va., — Real Estate Value Advisors (REVA) is pleased to announce it has launched a new offering to accredited investors. This incredibly located Innsbrook, a Class A office building in Richmond, VA., has remarkably lakeside views and a beautifully designed structure. The four-story center was constructed in 1989 and since 2006 has undergone renovations and upgrades. Previously, the structure served as the headquarters for Owens & Minor. Currently, Lakeview center is at 98% occupancy to tenants such as The Winebow Group, Covington Travel Services and Free Agents Marketing.
Lakeview Center has been completely renovated in the last few years with completely new tenant spaces, a new lobby, updated HVAC systems and a new roof. . Innsbrook, offers exceptional quality finishes in an unparalleled corporate office location stretching over 850 acres. The complex is a mixed-use development that is home to over 400 companies employing approximately 20,000 employees. The complex contains over 5 million square feet of office space, three lakes totaling up to 37 acres enhanced by decks and fountains, five miles of paved trails and additional amenities including over 100 events each year like the Richmond Corporate Games, Innsbrook Classic Golf Tournament and Central Virginia’s longest-running mid-week concert series, Innsbrook After Hours.
Steve Sadler, the Managing Director of REVA, stated, “With the New roof, HVAC and a lakefront location Innsbrook is a fantastic investment.”
Steve commented, “Richmond is home to five four-year colleges and universities as well as numerous vocational and professional programs for granting over 13,000 degrees per year making it an epicenter for young professionals.”
“We are delighted to provide investors with a cash on cash return to investors estimated at 6.70 percent in the first year,” Sadler said.