Electronic Systems, Inc (Xerox Subsidiary) Flex/Distribution--Mid Atlantic
Electronic Systems, Inc (Xerox Subsidiary) Flex/Distribution--Mid Atlantic
Corporate HQ-Xerox Subsidiary. $15,250,000 at a 6.63% Cap Rate. Flex/Distribution. Annual Increases.
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Doug Aronson is the Senior Managing Director for SLN Capital Markets, a division focused solely on investment sales of single and multi-tenant properties. Doug joined S.L. Nusbaum Realty Co. from Colliers International, where he spearheaded the NNN (triple net) division at Collier’s South Florida offices. Doug also worked as a Managing Director for Calkain Companies in Fort Lauderdale and began his brokerage and development career in Norfolk at S.L. Nusbaum Realty Co. in 2005.
Doug has sold more than $700 million of properties in his career and has been recognized as a consistent top producer. He has been quoted in national trade magazines and is often tapped to provide market insight to both private and institutional investors.
Doug focuses his business in the Southeastern United States with offices in both Virginia and Florida.
PROFESSIONAL AFFILIATIONS & ACCREDITATIONS
- Licensed Real Estate Broker-Commonwealth of Virginia
- Licensed Real Estate Broker-State of Florida
- Member – International Council of Shopping Centers (ICSC)
- CoStar Power Broker Award Winner
EDUCATION
- Boston University – Bachelor of Science – Journalism
- Property Type
- IndustrialOffice
- Deal Type
- Investment Sale
- Risk Profile
- CoreCore Plus
EXECUTIVE SUMMARY
S.L. Nusbaum Realty Co. is pleased to present to qualified purchasers the ESI Corporate Headquarters buildings in Virginia Beach, VA. Electronic Systems, Inc. (ESI), a Xerox Business Solutions Company, has operated in the area since 1997. The asset is comprised of two separate buildings, sold together. The primary office building contains approximately 15,997sf built out for the firm’s C-Suite level employees and support staff. The second building contains approximately 42,659sf of office/warehouse flex space which includes five roll-up doors to accommodate both grade and dock level loading.
ESI operates its main digital technology and customer support systems from its Virginia Beach location. The property is conveniently located in an office park less than one mile off of I-264 and is surrounded by hotels, restaurants and Virginia Beach’s famed Mount Trashmore Park. The location is also a five minute drive to Virginia Beach’s Town Center, a burgeoning skyline of modern apartments, hotels, office buildings and retail shops.
INVESTMENT HIGHLIGHTS
- Two well-maintained buildings (58,656 SF total)
- Recent lease extensions
- Corporate headquarters (division of Xerox)
- Close proximity to interstate & Town Center
- Long occupancy in this location (since 1997)
- Sprinklered and climatized warehouse
- Annual Rent Increases