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484 Viking Drive

Suffolk Tower Holdings Acquires Oceana Center One Office In Virginia Beach For $5.2M
SOLDOffice

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

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.

Players

Rob Wright

Cushman & Wakefield

Broker

$119.1M

vol

8 deals

Broker

Virginia Beach Office Market Snapshot

Boundary boundary · Office · Sale transactions

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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