facebook

traded

+ Submit
Home

/

Deals

/

Virginia

/

Medical Office

/

Sale

/

1124 Lynnhaven Parkway

Dr. Hung Vu Acquires Medical Office At 1124 Lynnhaven Parkway In Virginia Beach For $2.1M
SOLDMedical Office

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

Ted Levin

Cushman & Wakefield

Broker

$16.1M

vol

4 deals

Broker

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