REVA offers a Chesapeake, VA Flex Building Investment
Richmond, Va., – Real Estate Value Advisors (REVA) is pleased to announce a stable new offering for accredited investors. The asset is a high quality, all cash/debt free, institutionally owned by a single tenant, triple net leased asset in the very heart of Norfolk’s thriving industrial district. The asset is well located, well leased, and topnotch maintained. Superior quality tenant finishes and solid projected market growth fundamentals mean the Seacoast asset is well positioned for long-term income and appreciation potential.
Seacoast, an electric company specializing in supplying electric cables, equipment, and connectivity products for the military, is fully occupying the space. The complex encompasses 125,906 square feet, offers a fully modern and updated office, warehouse, and distribution asset that went through a full renovation in 2007. Features of the renovation include upgraded lighting, exterior finishes, power supply, rail access, and a TPO roofing system that is under warranty
Cavalier Industrial Park is located by the interchange of interstate 64 and U.S. route 13. Crafting Seacoast as a central point within the region’s fully integrated highway system with convenient access to all area interstates. Cavalier Industrial Park extends over 700-acre serving 206 industrial buildings and distribution companies.
The Seacoast contract was just renewed with the U.S. Navy in 2016 and will re-compete the contract in 2021.Given their long history of contract renewal at Seacoast there is a strong likelihood of a contract extension.
Chris Sadler, REVA Managing Director, said, “We are delighted to offer this high quality asset with cash flow to investors expected to be 6.5% in the first year.”
REVA boasts a stellar track record of performing well in good markets and bad and more than $400 million in office transactions. This investment opportunity – the Seacoast DST – qualifies 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 REVA, 1031 Eligible properties and how you can invest in Seacoast DST visit www.revacompanies.com or email at email@example.com
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.