Inside a Flex Industrial Deal That Drew 6 Competitive Offers | Marcus & Millichap

Eight tours. Six competitive offers. One first-time seller who walked away with a strong outcome. That's the story behind the latest Norfolk, VA commercial real estate closing from the Uzun Group at Marcus & Millichap, who sold a 7,812-square-foot flex industrial property at 953 Norfolk Square for $925,000. Located within Norfolk Industrial Park along Virginia Beach Blvd, the property sits in one of Hampton Roads' most active corridors for industrial and flex-use space.

The listing generated significant investor interest from the start, drawing 8 tours and 6 competitive offers during the marketing period. That level of activity underscores the continued strength of demand for flex industrial properties in the Hampton Roads market, where well-located, versatile commercial space remains in short supply.

Notably, the transaction marked the seller's first experience working with the Uzun Group, reflecting the team's ability to build trust quickly and deliver strong results for new clients navigating a Norfolk, VA commercial real estate sale for the first time. The strong offer activity gave the seller multiple competitive options to choose from, ultimately leading to a smooth path to closing.

"This out-of-area buyer came into Hampton Roads because of the strength of the local industrial market," said Altay Uzun. "Their bullishness on the office and industrial sector here says a lot about where investors see opportunity in this region right now." This closing adds to the Uzun Group's growing track record in the flex and industrial space, further establishing the team as a go-to commercial real estate broker in Norfolk, VA for owners of industrial, flex, and multifamily assets alike. With eight tours and six offers on a single property, the deal is a clear signal that investor appetite for flex industrial space in Norfolk Industrial Park remains strong.

The deal was led by Altay Uzun, alongside team members Justin Ferguson, Jack Carroll, Myles Lee, and Josh Bagley, who worked together to bring the transaction to a successful close.

Thinking about selling your flex or industrial property in Virginia? The Uzun Group offers free commercial property valuations for owners looking to understand their asset's current market value in today's Norfolk, VA industrial real estate market.six offers on a single property, the deal is a clear signal that investor appetite for flex industrial space in Norfolk Industrial Park remains strong.