The Offering

Marina Point Apartments consists of 104-units across thirteen two-story buildings built in 1965 and situated on 7.84 acres. There are thirty four (34) one-bedroom one-bathroom units, (52) two-bed-room one-bathroom units, two (2) three-bedroom one-bathroom units, and sixteen (16) three-bed-room one and a half-bathroom units. The units feature hardwood flooring, carpeting, walk in closets, fully functioning kitchens, dining areas, and ceiling fans.

The Hampton Roads economy is heavily anchored to the US Department of Defense, a dominant commercial driver for the area, which houses eight military installations, employs over 125,000 active  duty,  reserve,  and  civilian  personnel,  and  yields  nearly  10,000  acres  of  the  Hampton  Roads  commercial  acquisition.  The  oldest  and  largest  naval  facility,  Norfolk  Naval  Shipyard,  is  located  only  2.8  miles  away  from  the  property.  Marina  Point  has  an  excellent  central  location  close  to  shopping and schools as well as convenient access to transportation. The property is situated 0.7 miles  from  I-264  and  1.3  miles  from  I-64,  providing  tenants  access  to  all  of  Hampton  Roads  top  employment  drivers  including  the  US  Department  of  Defense,  Portsmouth  Naval  Medical  Center, Sentara Healthcare Centers, Old Dominion University, Portsmouth Marine Terminals, Tidewater Community College, BAE systems, Norfolk State University, ADP, and more. With a focus on healthcare, professional, and business services sectors, Chesapeake is less susceptible  to  the  volatility  in  the  military  and  shipping  industries  that  increased  vacancies  throughout  the Hampton Roads. The site has a strong daytime working population of 82,229 with an average household income between $50,000 to $99,999 within a five mile radius