3320 Tait Terrace

Cushman & Wakefield | Thalhimer, as the exclusive listing broker, is pleased to offer for sale 3320 Tait Terrace, (the “Property”) a 38,923 square-foot multi-tenant industrial building located in Norfolk, Virginia on 1.21 acres. The Property is an ideal value-add investment opportunity with a fully-leased building at below market rents in an infill location. Property offers direct access to I-64, the Norfolk International Airport, and Norfolk Naval Base among many other Military Installations and shipyards. Norfolk is the hub of the overall Hampton Roads region, an MSA that is home to 1.8 million people. The local economy is driven by defense spending, the port, and tourism. The Property is less than 5-miles from both the world’s largest Naval Base and the Port of Virginia—the third largest port on the East Coast, less than 5-miles from both Downtown Norfolk and Virginia Beach Town Center, and less than 1-mile from Norfolk International Airport. Geographic limitations, rising construction costs, and healthy market conditions have created a supply-constrained environment in which industrial opportunities are at a premium. 3320 Tait Terrace is ideally positioned at the core of all three pillars of the region’s economy making the Property a unique opportunity for investors