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813 Independence LLC Acquires Office Building From Taubman Properties LP For $2.28M In Virginia Beach

Property Image
SOLD
$2,280,000

Virginia

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Office13,215 SF
Sold 01/12/2026
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Property Image
SOLD

813 Independence LLC Acquires Office Building From Taubman Properties LP For $2.28M In Virginia Beach

813 Independence Boulevard

See Similar Deals
Office13,215 SF
Sold 01/12/2026
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Summary

VIRGINIA
Asset Type:Office
Price Per Square Foot:$172
Total Square Footage:13,215 SF
Transaction Type:Sale

813 Independence LLC purchased an office property located at 813 Independence Boulevard in Virginia Beach, VA. The asset encompasses 13,215 square feet and the transaction was valued at $2,280,000, which breaks down to a price per square foot of $173.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $2,280,000
  • Sale Date: 01/12/2026
  • Buyer: 813 Independence LLC
  • Seller: Taubman Properties LP
  • Brokers: Nicole Campbell & Rob Wright - Cushman & Wakefield

The transaction featured brokerage representation from Nicole Campbell and Rob Wright, who are affiliated with Cushman & Wakefield, indicating their role in facilitating the sale. This acquisition illustrates the ongoing investment activity within the office market in Virginia Beach.

Players

Rob Wright
8 deals$119.1M volume
BROKER

Nicole Campbell
Cushman & Wakefield
3 deals
BROKER

Details

SOLD
IMAGE: 01/12/2026 ADDRESS: 813 Independence Boulevard MARKET: Virginia Beach, VA ASSET TYPE: Office BUYER: 813 Independence LLC SELLER: Taubman Properties LP BROKERS: Nicole Campbell & Rob Wright - Cushman & Wakefield SALE PRICE: $2,280,000 SF: 13,215 ~ PPSF: $173 NOTE: 813 Independence LLC bought a 13,215-square-foot office building at 813 Independence Blvd. from Taubman Properties LP for $2.28 million.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$121,600.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,100.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,808.36
Annual Debt Service$129,700.36