770 Lynnhaven Pky - Medical FOR SALE


Virginia Beach, VA 23452
$5,300,000 USD
757-306-1506
770 Lynnhaven Pky, Virginia Beach, VA for Sale
$5,300,000 USD
Medical - FOR SALE
1/23
null | 7.33% Cap Rate

770 Lynnhaven Pky
Virginia Beach, VA 23452


OVERVIEW

Strong In-Place NOI - Stabilized, fully leased asset generating durable in-place cash flow, supported by a diversified tenant roster anchored by established local operators. Attractive Weighted Average Lease Term (WALT): 4.95 Years - Well-distributed lease expirations provide near-term income visibility while preserving future rollover optionality. Core Lynnhaven Corridor Location: Positioned along Lynnhaven Parkway with direct connectivity to I-264, Hilltop, and surrounding residential neighborhoods, benefiting from strong population density and sustained demand for office and service-oriented tenancy.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

7.33%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lynnhaven Corporate Center I

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

112

LAND DETAILS

LAND ACRES

2.6 AC

LAND SF

113,256 SF

ZONING

I1

APN/PARCEL ID

1496-56-3182

ASK ABOUT THIS PROPERTY

Noah ReyesCommonwealth CommercialMore Info
757-306-1506

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Noah ReyesCommonwealth CommercialMore Info
757-306-1506

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.