INVESTMENT
HIGHLIGHTS
1.
2.
Prime Revenue Enhancement Opportunity
3.
Extraordinary Innsbrook Campus Fuels Demand
Trophy Level Mid-Rise Design
EXECUTIVE SUMMARY
The Berkadia Virginia Investment Sales Team is thrilled to present for sale Triton Glen (the “Property”), a 5-story luxury mid-rise multifamily asset built in 2024. Triton Glen features 250 luxury units and a myriad of the most comprehensive resort-inspired amenitiesin the marketplace.
Triton Glen boasts an iconic trophy-level design with top-tier contemporary urban living finishes, strategically located in the innovative Innsbrook Corporate Campus, one of the state’s largest employment hubs with over 8.1 million square feet of prime office space, housing 500+ companies in finance, insurance, healthcare, scientific, and technical services, and supporting over 22,000 jobs. Its micro location at the rear of the campus, near the I-295 intersection, ensures both accessibility and visibility. Triton Glen also fronts Nuckols Road, leading into the prestigious Wyndham neighborhood, one of the most affluent areas in West End Richmond, where single-family home values range from $750K to $1.4M. This prime positioning allows Triton Glen to attract Richmond’s high-wage renters, with average household incomes of approximately $181K within a ¼-mile radius.
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Property Overview
• 250 Units
• Built: 2024
• Site Size: 3.3 Acres
• Rentable SF: 195,263 SF SF
• Average Unit Size: 781 SF
• Average Rent: $1,753
• Average Rent/SF: $2.24
• Occupancy (as of 2/3/25): 84.4%
THE ASSET
GALLERY
3802 Towne Point Rd, Portsmouth, VA 23703
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10801 Dylans Walk Road | Chester, VA 23831
781
AVG Unit Size
2024
BUILT
250
UNITS
The Opportunity
The Asset
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Norfolk
207 Granby Street,
Suite 201,
Norfolk, VA 23510
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The Team
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.
© 2025 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
Miles Drinkwalter
Senior Director
Multifamily Housing
757.652.9597
miles.drinkwalter@berkadia.com
Brian Gould
Managing Director
Multifamily Housing
917.297.7551
brian.gould@berkadia.com
Patrick McGlohn
Senior Managing Director
Multifamily Housing
703.987.0874
patrick.mcglohn@berkadia.com
MORTGAGE BANKING
Drew White
Senior Managing Director
Multifamily Housing
202.294.6976
drew.white@berkadia.com
Carter Wood
Managing Director
Multifamily Housing
804.350.2109
carter.wood@berkadia.com
Cole Carns
Senior Director
Multifamily Housing
804.878.1258
cole.carns@berkadia.com
INVESTMENT SALES
Hunter Wood
Senior Director
Multifamily Housing
804.513.6243
hunter.wood@berkadia.com
• In-Place Rent: $1,747
• In-Place Rent/SF: $1.55
• Recent 2 Rent: $1,802
• Recent 2 Rent/SF: $1.60
© 2024 Berkadia Proprietary Holding LLC
Berkadia® is a trademark of Berkadia Proprietary Holding LLC
Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. This website is not intended to solicit commercial mortgage loan brokerage business in Nevada.
In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing
The Asset
4.
Crafted to Attract Richmond’s High-Income Renters
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Immediate Access to Short Pump Retail Corridor
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Coveted Henrico County Public School District
3.
Extraordinary Innsbrook Campus Fuels Demand
4.
Crafted to Attract Richmond’s High-Income Renters
5.
Immediate Access to Short Pump Retail Corridor