Oceana Professional Park Office FOR SALE


Virginia Beach, VA - Dam Neck Naval Air Station
$2,300,000 USD
757-513-1798
, Virginia Beach, VA for Sale
$2,300,000 USD
Office - FOR SALE
1/10
null | 6.88% Cap Rate

Oceana Professional Park
Virginia Beach, VA
Dam Neck Naval Air Station


HIGHLIGHTS

  • Fully leased medical and professional office investment with four tenants.
  • Two freestanding office buildings situated on a single site.
  • Direct frontage and visibility along General Booth Boulevard.
  • Established medical office location serving the area for nearly four decades.
  • Located near NAS Oceana, the Oceanfront, and Virginia Beach Sportsplex.
  • Anchor healthcare tenant lease extends through 2030.

OVERVIEW

Oceana Professional Park presents the opportunity to acquire a fully leased medical and professional office investment located along General Booth Boulevard, one of Virginia Beach’s primary north-south commercial corridors. The property consists of two freestanding office buildings totaling 9,717 square feet on approximately 1.07 acres and has operated as a medical office location for nearly four decades. Existing medical infrastructure and tenant improvements support continued healthcare and professional office occupancy while reducing future repositioning requirements. The asset benefits from direct frontage and visibility along General Booth Boulevard, providing convenient access between the Virginia Beach Oceanfront, Red Mill, Sandbridge, and surrounding residential neighborhoods. Its location near NAS Oceana, the Virginia Beach Sportsplex, and established residential communities places the property within a well-traveled area that supports medical and professional service demand. Nearby retail, restaurant, and service-oriented businesses further contribute to daily activity throughout the corridor. Oceana Professional Park is 100% leased to four tenants, including a long-tenured healthcare operator with a lease extending through 2030. The property offers immediate in-place income and a weighted average lease term of approximately 3.6 years. With limited availability of comparable small-format medical and office properties in the surrounding trade area, the asset provides investors with stabilized occupancy and future leasing opportunities as shorter-term leases mature. The combination of established tenancy, corridor visibility, and proximity to major demand drivers positions the property as a compelling investment opportunity within the Virginia Beach market.

ASK ABOUT THIS PROPERTY

Nicole CampbellCushman & Wakefield | ThalhimerMore Info
757-513-1798

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Nicole CampbellCushman & Wakefield | ThalhimerMore Info
757-513-1798

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