5911 Harbour View Blvd, 5140 River Club Blvd • Suffolk, VA 23435

Year Purchased: 2020
Purchase Amount: $8,440,000.00
Equity: $3,722,315.00

Riverfront Shoppes was purchased in July 2020 and is a 35,564 square foot multi-tenant retail center located in Suffolk, VA, a rapidly growing, affluent suburb of Norfolk. Built in 2016, the property has beautiful curb appeal and excellent visibility along highly-trafficked Harbour View Boulevard. The property is located at the entrance of the premier Riverfront Golf Club Community and provided our investors with the opportunity to acquire a trophy property in a sought-after area in Northern Suffolk. The center was 100% occupied at closing and offered our investors the prospect of current cash flow stability combined with upside from future leasing and planned rent increases.