Ashby Development is a Chesapeake, Virginia based privately held real estate development company involved in all aspects of the development and management of commercial, industrial, retail, and multi-family projects. Our projects focus on the Mid-Atlantic region and are occupied by strong local, regional, and international tenants.
808 Live Oak Drive, Chesapeake, VA 23320
Newest Acquisition by Ashby Development Team
This 77,500 sqft industrial flex property was purchased as an investment property with an existing investment relationship.
The building is 77,500 sqft of office/warehouse located in the Greenbrier section of Chesapeake, Virginia. Consisting of +/- 12,000 sqft of office space and 65,000 sqft of warehouse space. Upon purchase the property was 95% occupied with long term leases in place.
The purchase of the property was handled by our brokerage relationship with NAI Eagle-Hampton Roads. Financing and acquisition was handled by Ashby Development and the asset management will be overseen by the Ashby Development Team.