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Technology Center 813 Diligence Dr 81,426 SF 100% Leased Flex Building Newport News, VA 23606 $15,000,000 ($184.22/SF) 7.20% Cap Rate



Investment Highlights
- 98% Leased to 11 tenants
- The subject is within a mile of I-64, which provides convenient access to the entire regional expressway system
- 16' 5" Foot Ceiling Heights
- 7 Dock High Doors
- Within a three-mile-radius, there are ±5.0M SF of industrial properties with a vacancy rate of ±0.3%
- Option to buy adjacent 1.66-acre vacant parcel. Parcel has been fully entitled and approved for 16,000 SF building (contact broker for more info)
Executive Summary
Property Facts
| Price | $15,000,000 | Lot Size | 6.44 AC |
| Price Per SF | $184.22 | Rentable Building Area | 81,426 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.20% | Year Built/Renovated | 1986/2024 |
| Property Type | Flex | Parking Ratio | 4.54/1,000 SF |
| Property Subtype | Light Distribution | No. Dock-High Doors/Loading | 7 |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | C4 | ||
| Price | $15,000,000 |
| Price Per SF | $184.22 |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | B |
| Lot Size | 6.44 AC |
| Rentable Building Area | 81,426 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1986/2024 |
| Parking Ratio | 4.54/1,000 SF |
| No. Dock-High Doors/Loading | 7 |
| Opportunity Zone |
Yes |
| Zoning | C4 |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
Allegiance Home Care Services is a privately held, Medicare-certified home health agency founded at least by June 2012 (per NPI registration). Headquartered in Newport News, Virginia, the firm operates from a primary office on Diligence Drive, with a mailing location on Canon Boulevard. Services include skilled nursing, physical, occupational, and speech therapy, as well as home health aide support, delivered directly to patients’ homes. The agency is noted by CMS for its quality initiatives and jump-started its certifications in May 2020.
Butler’s Empire HHC is located in Newport News they are a new agency that’s now accepting new clients Long Term Care, Medicaid, and private pay insurance they are licensed and bonded also have Credentialing and all employees are certified, if you are interested in letting Butler’s Empire HHChelp you with your love ones with daily living activities in the comfort of their home, Butler’s Empire HHC will strive to meet all expectations.
Capital Electric is a regional electrical distributor serving commercial, residential, industrial, and government customers across the Mid-Atlantic and Southeastern United States. The company specializes in electrical products, lighting solutions, and supply-chain services designed to support contractors and facility operators. Capital Electric traces its roots back to 1958 and has since grown into a large distributor with an extensive branch network and centralized logistics capabilities. Its headquarters and central distribution center are located in Upper Marlboro, Maryland, where it operates from a large warehouse facility that supports regional material flow and corporate operations. The organization is part of Sonepar, a global electrical distribution group that operates independently owned subsidiaries throughout the United States and internationally.
The Casey Auto Group was founded by the late Arthur M. Casey in 1958 as a single franchise dealership. Today the Casey organization is still a family owned and operated business headed by Arthur S. Casey, alongside a dedicated and talented staff, and consists of 6 locations in Newport News and Williamsburg. Now with 8 American and Import vehicle lines from entry level to high-line luxury, the Casey Auto Group continues to meet and exceed Hampton Roads' transportation needs.
Curtis Contracting, Inc. (CCI) is a Virginia corporation licensed as a Class “A” Contractor since 1985 and is pre-qualified with the Virginia Department of Transportation. The company’s mission is to provide a quality product on or ahead of schedule, focusing on customer satisfaction throughout the project. CCI performs site development and infrastructure construction for federal, state, and local agencies as well as private clients.
The staff at Enterprise Academy is a caring professional team, which provides a unique educational program dedicated to encourage growth of young individuals. They provide a safe and structured environment in which students can make the choices that will bring positive changes within their lives and will enable them to become contributing members of society and lifelong learners.
Kelly Services is a publicly traded staffing and workforce solutions company founded in 1946 by William Russell Kelly. Headquartered in Troy, Michigan, the firm pioneered the modern temporary staffing industry and now operates globally across North America, EMEA, and APAC regions. Kelly provides services through four main segments: Professional & Industrial, Science, Engineering & Technology, Education, and Outsourcing & Consulting. Its offerings include temporary staffing, direct-hire placement, recruitment process outsourcing, and managed service provider solutions. The company serves diverse industries such as healthcare, education, engineering, IT, and finance. Kelly Services employs over 6,000 full-time staff and connects more than 450,000 people with work annually. It is listed on NASDAQ under the ticker symbol KELYA.
The kind and caring staff at Knead to Heal have passion for helping clients and patients on their path to recovery with therapeutic massage. They are committed to exceptional service. They guarantee each client will leave them feeling pampered, relaxed, and refreshed. Their massage therapists are highly trained and complete continuing education every year to improve skills and to learn new techniques.
The mission of Point Option is to foster personal and academic growth in non-traditional students with diverse learning styles, utilizing a small, supportive and challenging environment. The Point Option School program offers a unique opportunity for students to experience teaching and learning in a non-traditional way. It also offers students of ability and determination a "second chance" to recapture credits and/or to accelerate their graduation in order to enter the workforce or post-secondary education. As a teaching and learning community, Point Option emphasizes personal responsibility and self-reliance as keys to student success.
For nearly 20 years, Power Solutions has been working in partnership with some of the country’s largest general contractors - crafting, building and maintaining electrical systems for hospitals, data centers, medical laboratories, telecommunications centers, government and military institutions and more. The Mid-Atlantic region’s premier electrical contractor for mission-critical environments, Power Solutions was founded and is run by former electricians. The result: they’re able to see what project success looks like and work strategically with their clients to create a clear path. It’s a team effort within Power Solutions and with their clients and theirs. All working toward getting the project done right - on budget and on time.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
- | - | - | - | ||
|
Health Care and Social Assistance | - | - | - | ||
|
Manufacturing | - | - | - | ||
|
Retailer | - | - | - | ||
|
Construction | - | - | - | ||
|
Educational Services | - | - | - | ||
|
Administrative and Support Services | - | - | - | ||
|
Services | - | - | - | ||
|
Educational Services | - | - | - | ||
|
Construction | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl-Ste 115
- 26,838 SF
- Office
- Full Build-Out
- 30 Days
- 1st Fl-Ste 121-B
- 650 SF
- Office
- Full Build-Out
- 30 Days
- 1st Fl-Ste 121-E
- 1,120 SF
- Office
- Full Build-Out
- 30 Days
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 115 | 26,838 SF | Office | Full Build-Out | 30 Days |
| 1st Fl-Ste 121-B | 650 SF | Office | Full Build-Out | 30 Days |
| 1st Fl-Ste 121-E | 1,120 SF | Office | Full Build-Out | 30 Days |
1st Fl-Ste 115
| Size |
| 26,838 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl-Ste 121-B
| Size |
| 650 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl-Ste 121-E
| Size |
| 1,120 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
Property Taxes
| Parcel Number | 196.00-01-96 | Improvements Assessment | $10,077,300 |
| Land Assessment | $1,256,600 | Total Assessment | $11,333,900 |
Property Taxes
Presented by
Technology Center | 813 Diligence Dr
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