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GILMERTON INDUSTRIAL PARK MICHAEL DRIVE Chesapeake, VA 23233

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GILMERTON INDUSTRIAL PARK MICHAEL DRIVE Chesapeake, VA 23233 FOR SALE OR LEASE GILMERTON INDUSTRIAL PARK MICHAEL DRIVE Chesapeake, VA 23233 PROPERTY OVERVIEW + ± 54.6 acres (total site), ± 26 acres Available + Utilities to the site + Access from S. Military Highway + The last new large industrial development within Southside Hampton Roads Belt-line + Gilmerton Bridge is open for full service www.cbre.com/gilmertonpark Hampton Roads FOR SALE OR LEASE MICHAEL DRIVE GILMERTON INDUSTRIAL PARK Chesapeake, VA 23233 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 Hampton Roads FOR SALE OR LEASE MICHAEL DRIVE GILMERTON INDUSTRIAL PARK Chesapeake, VA 23233 Under Construction AVAILABLE ±26 ACRES UNDER CONTRACT UNDER CONTRACT Hampton Roads FOR SALE OR LEASE MICHAEL DRIVE GILMERTON INDUSTRIAL PARK Chesapeake, VA 23233 UNDER CONTRACT UNDER AVAILABLE CONTRACT ±26 ACRES UNDER AVAILABLE CONTRACT ±26 ACRES UNDER CONTRACT Hampton Roads FORPlat SALE OR LEASE MICHAEL DRIVE GILMERTON INDUSTRIAL PARK Chesapeake, VA 23233 Reasor Tract UNDER CONTRACT 26 ACRES AVAILABLE ± UNDER CONTRACT Hampton Roads This proposal includes confidential data that may not be disclosed outside GVA Advantis and may not be duplicated, used or disclosed, in whole or in part, for any purpose other than to evaluate this proposal. www.gvaadvantis.com FOR SALE OR LEASE MICHAEL DRIVE GILMERTON INDUSTRIAL PARK Chesapeake, VA 23233 LOCATION OVERVIEW The Norfolk/Virginia Beach/Newport News Metropolitan Statistical Area (MSA) is situated in the southeastern corner of Virginia, and is centered in NNMT the Hampton Roads Harbor, the world’s largest deepwater harbor. Locally known as Hampton Roads, the NIT region is comprised of nine cities and VIG six counties, and bifurcated by the PMT Peninsula and Southside, separated by convergence of the James River SITE and the Chesapeake Bay. The MSA is 200 miles south of Washington, DC, and 100 miles south of Richmond, Virginia’s capital city. Anchoring Layout ID:L02 MapId:1030978 the southern end of the Chesapeake Bay in southeastern Virginia, © 2009 CB Richard Ellis Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CB Richard Ellis Limited or any of its affiliates (CB Richard Ellis Limited and its affiliates are collectively referred to herein as “CB Richard Ellis”). CB Richard Ellis neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness,or suitability of, or decisions based upon or in connection with, the Information. The Hampton Roads is homerecipient oftothe Information shouldovertake such steps as the recipient1.7may deem appropriate millionwith respect to using the Information. ThepeopleInformation may change and any property describedandherein may be withdrawnisfrom the markettheat any time without largestnotice or obligation of any kind on the part ofconsumerCB Richard Ellis. The Information is protected by copyright andmarketshall be fully enforced. 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. CONTACT US KEN BENASSI Senior Vice President +1 757 217 1874 [email protected] © 2016 CB Richard Ellis of Virginia, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. www.cbre.com/gilmertonpark Hampton Roads.
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