Kingbourne LLC Acquires 21,349 SF Industrial Property In Virginia Beach For $4M

A 21,349 square-foot industrial/flex building located at 2645 International Parkway in Virginia Beach, Virginia has been sold for $4,000,000. The property, situated on three acres, was acquired by Kingbourne LLC from JLB Property Associates, LLC as an investment. The sale was facilitated by Janet Whitbeck of Cushman & Wakefield | Thalhimer, representing both the buyer and seller in the negotiations.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $4,000,000
• Square Footage: 21,349
• Price per Square Foot: $187
• Address: 2645 International Parkway, Virginia Beach, VA
• Market: Virginia Beach, VA

Janet Whitbeck, a representative from Cushman & Wakefield, played a key role in facilitating the sale of the property. The transaction involved Kingbourne LLC as the buyer and JLB Property Associates, LLC as the seller.