For Sale
$2,400,000

2131 Valley View BlvdRoanoke, VA 24012

Prime Roanoke Office Building, Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fully leased, 11,346 square foot Class B executive office building situated at 2131 Valley View Blvd NW, Roanoke, VA 24012. The property boasts a strong 6.50% cap rate, a current NOI of $156,021, and a compelling asking price of $2,400,000 ($211.53/SF). Currently 100% occupied since January 1, 2023, under a net lease with a corporate guarantee, the tenant enjoys a 6-year lease (with 4.1 years remaining) featuring 3% annual rent escalations and a 1-5 year renewal option. The property sits on a 2.29-acre lot zoned MX(c) and benefits from excellent visibility and convenient access to major roadways. The lease includes supplemental income from a Verizon antenna. Minimal landlord responsibilities make this an ideal investment for a 1031 exchange or passive income seekers. Further lease details are available upon execution of a confidentiality agreement. This is a rare opportunity to acquire a high-quality, stable income-producing asset in a desirable Roanoke location.

Highlights

  • Long-term net-net lease.
  • Minimal landlord responsibilities.
  • Strong, creditworthy tenant.
  • Excellent street visibility.
  • Prime location.

Property Details for 2131 Valley View Blvd

Property type
Office properties
Square Feet
11,346 SF
Class
B
Lot Size (sq. ft)
99,752 SF

Location Insight

City
Roanoke
County
Roanoke
State
Virginia
Latitude
37.3109218
Longitude
-79.9643906
2131 Valley View Blvd, Roanoke, Virginia

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2131 Valley View Blvd
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