Suffolk Tower Holdings Acquires Oceana Center One Office In Virginia Beach For $5.2M
484 Viking Drive
$5,200,000
Building Size
—
Asset Type
Office
Closing
Feb 4, 2026
About this deal
AI
The property involved in this transaction is an office asset located at 484 Viking Drive, Virginia Beach, VA. The sale occurred on February 4, 2026, covering an area of 5.06 acres. The total sale price for the property was $5,200,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,200,000
- Address: 484 Viking Drive
- Market: Virginia Beach, VA
- Acres: 5.06
The transaction was facilitated by brokers Rob Wright, John P. Duffy, Jr, and Josh Fulton, who are associated with Cushman & Wakefield. Suffolk Tower Holdings acquired the property, Oceana Center One, which will be occupied by a law firm.
On the Map
$5,200,000
Office
View full map
Players
Virginia Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Virginia Beach office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93