1081 19th Street LLC Purchases Office Building In Virginia Beach For $5.56M

An oceanfront office building located at 1081 19th Street in Virginia Beach, VA, has been sold for $5,562,500. The property spans 32,435 square feet, translating to a price per square foot of $171. The first-floor space available ranges from 1,500 to 10,000 square feet.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $5,562,500
• Buyer: 1081 19th Street LLC
• Seller: 19th Street LLC
• Brokers: John P. Duffy, Jr & Rob Wright - Cushman & Wakefield

Cushman & Wakefield | Thalhimer facilitated the sale of 1081 19th Street to 1081 19th Street LLC, which plans to redevelop and occupy the building. This transaction reflects the strategic move by the buyer to enhance the property's use and offerings.