EIGHT CLASS A OFFICE CONDOMINIUM UNITS AT THE OAKBROOKE PROFESSIONAL
CENTER IN CHESAPEAKE, VA., A MULTI-MILLION DOLLAR STATE-OF-THE-ART
MEDICAL OFFICE BUILDING, WILL BE SOLD AT AUCTION THURSDAY, JUNE 28th, AT 6:30 P.M. (EST)
Contact: Catherine Holden
(757) 461-6867
catherine@atlanticremarketing.com
The on-site auction will be conducted by Atlantic Asset Management Group, based in Virgina Beach.
(CHESAPEAKE, Va.) - Eight never-before-occupied Class A medical office
condominiums in the partially tenanted Oakbrooke Professional Center,
located at 516 Innovations Drive in Chesapeake, will be sold to the
highest bidder in an on-site auction slated for Thursday, June 28, at
6:30 p.m. (EST). The auction is being conducted by Atlantic Asset
Management Group, headquartered in Virginia Beach.
Oakbrooke Professional Center is located in the newly constructed
Oakbrooke Business and Technology Park, across from a new FBI
headquarters building now under construction, and next to the Children's
Hospital of the King's Daughter Health Center. Current tenants comprise
a mix of doctors and other professionals. The condo units to be sold
will be attractive to both occupants and investors.
“This is a phenomenal three-story medical and professional building,
constructed in 2008 by one of the premier developers in Hampton Roads,”
said William J. Summs, chief executive officer of Atlantic Asset
Management Group. “The only reason the building didn't sell out
immediately upon completion was because of the financial crisis that
stalled nearby projects that are now coming online.”
Atlantic Asset Management Group has scheduled buyer-broker
seminar-previews and guided tours (afterward) for anyone interested in
bidding on a unit. These will be held June 7 and June 21, from 5:30-7:30
p.m. Investment opportunities and financing packages, plus sample
build-out plans, will be discussed at the seminars. Full property
information (condo documents, comps, floor plans, etc.) may be viewed at
the Atlantic Asset website -- www.AtlanticReMarketing.com. Brokers are protected.
“This is an extraordinary opportunity,” Summs remarked. “We're looking
at opening bids of 25 percent below developer cost, with the probability
that some or all of the units will sell for below cost. An investor can
come in and do the build-out for a tenant in a brand new building with
all the upgrades. And it's situated in the highly desirable southeast
corridor of Chesapeake, a high-growth, upscale area.”
More specifically, Oakbrooke Professional Center is located near the
intersection of Clearfield Avenue, Network Station and Innovation Drive,
less than five minutes from Interstates 64 and 464 and the Greenbrier
Mall. It also enjoys close proximity to Kempsville Road and Battlefield
Boulevard and is near Chesapeake's largest residential areas –
Greenbrier and Great Bridge. It is an extension of the Greenbrier
Business Area, one of the the most successful Planned Unit Developments
in the region.
The eight units range in size from
1,402 square feet to 3,467 square feet. Features include pre-wiring for
high-speed data, separately metered utilities running to each suite, a
fire suppression sprinkler system throughout, automatic main entry
doors, five parking spaces per 1,000 square feet of office space, an
after-hours keyless entry system with building security, an intercom
system and more.
Prospective medical tenants will be
impressed with the drive-up patient and personnel drop-off feature, as
well as the inviting, two-story open atrium and exterior seating area.
The building has a 9-foot interior ceiling height, with 13 feet 8 inches
between floors. Assistance will be available for build-out and space
planning (that's a huge plus, considering each condo unit right now is
basically a shell).
Oakbrooke Business and Technology
Park has a mix of both office and flex-use properties. In addition to
the Children's Hospital (C.H.K.D.), other tenants include the Tidewater
Community College Regional Automotive Center and UrsaNav. The complex
features a lake surrounded by paved walking trails. All the common areas
are landscaped and maintained by the park's property owner's
association.
Oakbrooke Professional Center is zoned as
a Planned Unit Development (PUD). As such, it is subject to certain
park covenants and architectural guidelines. PUD requirements are
available from the Chesapeake Economic Development Department, or by
visiting www.oakbrooke.com.
The auction will begin promptly at 6:30 p.m. and will end 15 minutes
later. Those unable to attend in person may bid online at Auctionzip
Live (www.auctionzip.com/azlive).
The condo units may be previewed via guided tour, either at the June 7
or June 21 seminar or by appointment. To schedule a tour appointment,
you may call Jim Beverly, the principal broker of the property, at (757)
639-9398.
Atlantic Asset Management Group is a
full-service auction firm specializing in the sale of commercial and
residential real estate, commercial and retail businesses, heavy
equipment, surplus vehicles, commercial and pleasure marine craft, and
furnishings, fixtures and equipment. Bonded and licensed since 1979,
Atlantic Asset Management Group specializes in assets of substantial
value.
Atlantic Asset Management Group is always
interested in consignments, business liquidations, estate sales and
properties for future sales. To discuss solutions for assets, business
or property, you may call them at (757) 461-6867; or you can e-mail them
at info@atlanticremarketing.com.
To learn more about Atlantic Asset Management Group and the June 28
auction of eight condominium units at Oakbrooke Professional Center in
Chesapeake, Va., please log on to www.AtlanticReMarketing.com.
Building exterior:
Eight Class A office condominiums in the Oakbrooke Professional Center will be auctioned June 28.
Atrium:
Bidders will be impressed with features like Oakbrooke's open and inviting building atrium (shown).
Directory:
Oakbrooke Professional Center is partially tenanted by a mix of doctors and other professionals.
Entryway:
This entryway to one of the building's occupied units utilizes glass and wood to create a warm effect.
Floor plan:
The second floor plan shows five units available (the third floor two units, and the first floor one unit).
Aerial view:
Oakbrooke Professional Center is situated in the southeast corridor of Chesapeake, a high-growth area.
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