Investment Summary

Leigh Medical Office Building was a 25,950 square-foot class-B medical office facility located in the Newtown submarket of Hampton Roads, VA. It was acquired along with an adjacent half acre pad site by Lingerfelt’s predecessor on July 10, 2006. At acquisition, the existing building was nearly 100% occupied.

Investment Info

Status: Realized
Property Type: Medical
Square-Footage: 25,950
Strategy: Acquisition
Sub-Strategy: Lease-Up
Entry Date: Jul 10, 2006
Exit Date: Apr 29, 2011
Total Capitalization: $3,000,000
Exit Price: $3,617,939
Lingerfelt Role: Developer

Location