Gilmerton Industrial Park

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FOR SALE OR LEASE | Michael Drive, Chesapeake | VA FEATURES

• ± 54.6 acres (total site), ± 23 acres • Utilities to the site Available • Central BMP in place • Parcel 3 13.89 AC total • The last new large industrial development 8.51 AC useable within Southside Hampton Roads Belt- • Parcel 2 9.06 AC total line 6.28 AC useable

Ken Benassi, SIOR Senior Vice President Colliers International +1 757 217 1874 150 West Main St | Suite 1100 [email protected] Norfolk, VA 23510 P: +1 757 490 3300 F: +1 757 490 1200 Colliers International Accelerating success. 6641 W Broad St | Suite 101 | Richmond, VA P: +1 804 320 5500 F: +1 804 320 4839 SITE

EXECUTIVE SUMMARY

PROPERTY DESCRIPTION: The Gilmerton Industrial Park is a proposed development consisting of ± 54.6 acres is the S. Military Highway corridor of Chesapeake, Virginia. The property will feature access on S. Military Highway offering quick accessibility to the new Gilmerton Bridge connection (under construction now), Interstate 464, Interstate 64 and Interstate 264.

OPPORTUNITIES: Owner will consider parcel sale, build-to-suit lease and build-to-suit sale transactions. 26 acre parcel can be sub-divided

ADDRESS: Michael Drive, Chesapeake, Virginia 23233

(Located just northeast of S. Military Highway and Canal Drive) LAND AREA: ± 54.6 acres • ±26 acres available

ZONING: M-1

ADDITIONAL FEATURES: • Utilities to the site • Approved road plan widening and extending Michael Drive to S. Military Highway • The last new large industrial development within Southside Hampton Roads Belt-line • 2.5 Miles from interstate access, 7 miles from Portsmouth Marine Terminal, & 22 miles from Norfolk International Terminal GILMERTON BRIDGE: • Upgraded Gilmerton Bridge open for full service • Height increased from 11ft to 35ft • 4 lanes expanded to 6 lanes • Significant increase in the allowable weight limit CITY OF CHESAPEAKE: The City of Chesapeake is the transportation hub of the region, linked to one of the most up to date interstate highway systems in the country.

• Typical commute to work is only 21.6 minutes • Norfolk International Airport is only 20 minutes away, offering more than 250 flights a day • Chesapeake Regional and Hampton Roads Executive Airports provide corporate flight service within the City. • I-64 originates in Chesapeake, and I-264, I-464 & I-664 also serve the City • U.S. Route 13 (Military Highway) connects the City to Virginia’s Eastern Shore • The Chesapeake Expressway (Route 168) is a 16 mile-long, four-lane divided highway that links I-64 to North Carolina and the Outer Banks

Ken Benassi, SIOR Senior Vice President +1 757 217 1874 [email protected] Under Construction

TIE LINE (TYP.)

TIE LINE (TYP.) N81°04'03"E 493.97'

S58°55'43"E

570.06'

N62°40'37"E 199.12'

S53°53'10"E 159.97'

295.42'

N: 3,451,697.75

E: 12,120,800.43

347.00' 135.45' PARCEL 3 S47°21'18"E N01°48'23"E AVAILABLE

N: 3,451,350.92 E: 12,120,789.49 $2,280,000 246.66'

S74°05'41"E

356.14'

SAG=25.18 S58°56'03"E G=4.5 626.68' PARCEL 4 UNDER CONTRACT 204.05'

N19°05'58"E 1236.01'

S30°48'51"E N10°44'35"W PARCEL 2 AVAILABLE 196.22' $1,450,000 PARCEL 5

UNDER CONTRACT S16°50'20"E

121.48'

486.31' 173.76' 273.03' S79°54'37"W 933.10'

143.00'

N07°36'05"W S68°10'43"W 936.60' PARCEL 1 UNDER CONTRACT

AREA SUMMARY PARCEL * PROPERTY AREA CBPA BUFFER AREA WETLANDS AREA 1 457,069 SF (10.49 ACRES) 2.82 ACRES 1.09 ACRES 2 394,758 SF (9.06 ACRES) 2.50 ACRES 0.28 ACRES 706.18' 3 604,870 SF (13.89 ACRES) 4.51 ACRES 0.87 ACRES 4 252,519 SF (5.80 ACRES) 2.53 ACRES 0.00 ACRES 5 357,246 SF (8.20 ACRES) 1.49 ACRES 0.38 ACRES

N03°47'05"W * PROPERTY AREA MEASURED TO THE CBPA FEATURE

CBPA BUFFER AREA MICHAEL DRIVE WETLANDS AREA PROPERTY

S79°44'26"W 374.24' S79°44'26"W S80°43'12"W 138.11' PROPERTY LINES AREA EXHIBIT 114.47' 100' CBPA BUFFER 0 100 200 300 WETLANDS

Ken Benassi, SIOR Senior Vice President +1 757 217 1874 [email protected] UNDER CONTRACT UNDER AVAILABLE CONTRACT ±26 ACRES

UNDER AVAILABLE CONTRACT ±26 ACRES

UNDER CONTRACT

Ken Benassi, SIOR Senior Vice President +1 757 217 1874 [email protected] TIE LINE (TYP.)

TIE LINE (TYP.) N81°04'03"E 493.97'

S58°55'43"E

570.06'

N62°40'37"E 199.12'

S53°53'10"E 159.97'

295.42'

N: 3,451,697.75

E: 12,120,800.43

347.00' 135.45' PARCEL 3 S47°21'18"E N01°48'23"E AVAILABLE

N: 3,451,350.92 E: 12,120,789.49 $2,280,000 246.66'

S74°05'41"E

356.14'

SAG=25.18 S58°56'03"E G=4.5 626.68' PARCEL 4 UNDER CONTRACT 204.05'

N19°05'58"E 1236.01'

S30°48'51"E N10°44'35"W PARCEL 2 AVAILABLE 196.22' $1,450,000 PARCEL 5

UNDER CONTRACT S16°50'20"E

121.48'

486.31' 173.76' 273.03' S79°54'37"W 933.10'

143.00'

N07°36'05"W S68°10'43"W 936.60' PARCEL 1 UNDER CONTRACT

N03°47'05"W * PROPERTY AREA MEASURED TO THE CBPA FEATURE

CBPA BUFFER AREA MICHAEL DRIVE WETLANDS AREA PROPERTY

S79°44'26"W 374.24' S79°44'26"W S80°43'12"W 138.11' PROPERTY LINES AREA EXHIBIT 114.47' 100' CBPA BUFFER 0 100 200 300 WETLANDS

Ken Benassi, SIOR Senior Vice President +1 757 217 1874 [email protected] LOCATION OVERVIEW The Norfolk/Virginia Beach/Newport News Metropolitan Statistical Area (MSA) is situated in the southeastern corner of Virginia, and is centered in the Hampton Roads Harbor, the world’s largest deepwater harbor. Locally known as Hampton Roads, the region is comprised of nine cities and six counties, and bifurcated by the Peninsula and Southside, separated by convergence of the James River and the Chesapeake Bay. The MSA is 200 miles south of Washington, DC, and 100 miles south of Richmond, Virginia’s capital city. Anchoring the southern end of the Chesapeake Bay in southeastern Virginia, Hampton Roads is home to over 1.7 million people and is the largest consumer market between Washington DC and Atlanta.

Hampton Roads is a stable and rapidly-growing area, with one of the state’s lowest unemployment rates. The strong economic base is supported by the world’s largest naval base, the popular Virginia Beach oceanfront, the Port of Virginia, the 3rd largest seaport on the East Coast, as well as the largest shipbuilding facility in the mid-Atlantic region.

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Contact us: Ken Benassi, SIOR Senior Vice President +1 757 217 1874 [email protected] Colliers International | 150 West Main St | Suite 1100 | Norfolk, VA 23510 P: +1 757 490 3300 | F: +1 757 490 1200

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