Multi-Tenant Office Properties

New River Valley and Roanoke Valley Markets


  • New River Valley sub-markets - Blacksburg, Christiansburg, Fairlawn, Dublin
  • Roanoke Valley sub-markets - SW Roanoke County, Salem

Price Range

Preferred deal size $1 – $5 million.


Preferably 10,000 square feet or more (minimum size somewhat dependent on distance from currently owned properties).


Single-level to mid-rise; flat or pitched roofs; individual or master-metered HVAC systems.


Open. We currently own properties that range in age from five- to 100-years old.

Property Profile

We look for value-add opportunities, including low-occupancy and significant deferred maintenance issues. Special consideration given to properties with expansion potential.


Current valuation parameters for income-producing properties require a minimum 8% cap rate based on actual performance.

  • Higher valuation will be given to properties with net or modified gross leases as opposed to full-service.
  • For vacant or troubled operations we use replacement cost less renovation costs as base valuation.
  • Pro forma pricing accepted, not preferred.

Typical Due Diligence Deliveries

  • 3-year historical operating statements
  • Current rent roll with all lease data;
  • Current survey, title policy if available;
  • Available 3rd party reports; e.g. environmental, structural/condition report, etc.
  • All existing management, service and vendor contracts
  • If mortgage is to be assumed, copies of the Note, covenants and defeasance agreement, if any.


Typically a 60-day due diligence period, then a 30-45 day closing period.

Brokerage Fees

Seller responsible for commissions by prior agreement with broker.


Please send information for acquisitions to (PDF files preferred), or call Jared Alcorn at 540-808-4745.

Send Us Your Property

Our Affiliates

The Blacksburg Partnership Boma International International Council of Shopping Centers Montgomery County Chamber of Commerce

Let us help you open or relocate your business in the New River Valley