Dr. Hung Vu Acquires Medical Office At 1124 Lynnhaven Parkway In Virginia Beach For $2.1M
1124 Lynnhaven Parkway
$2,100,000
$168/SF
Building Size
12,499 SF
Asset Type
Medical Office
Closing
Apr 2, 2026
AI
The property involved in this transaction is a medical office comprising 12,499 square feet located at 1124 Lynnhaven Parkway in Virginia Beach, VA. The sale price was $2,100,000, equating to $168 per square foot.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $2,100,000
- Address: 1124 Lynnhaven Parkway
- Market: Virginia Beach, VA
- Square Footage: 12,499
- Price Per Square Foot: $168
- Buyer: Dr. Hung Vu
- Broker: Ted Levin - Cushman & Wakefield
The transaction was facilitated by Ted A. Levin of Cushman & Wakefield | Thalhimer, who represented the buyer, Dr. Hung Vu, in the sale of the medical office property.
Players
Virginia Beach Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93