813 Independence LLC Acquires Office Building From Taubman Properties LP For $2.28M In Virginia Beach
813 Independence Boulevard
$2,280,000
$172/SF
Building Size
13,215 SF
Asset Type
Office
Closing
Jan 12, 2026
AI
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
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
6.96%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93