HWG VA – Beach LLC Acquires Retail Property From 1808 Salem LLC For $2.8M In Virginia Beach

The retail property located at 1808 Salem Road in Virginia Beach, VA, spans 2.95 acres and comprises a total area of 14,364 square feet. The asset was sold for a transaction amount of $2,800,000, which translates to a price per square foot of $195.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,800,000
• Address: 1808 Salem Road
• Market: Virginia Beach, VA
• Acres: 2.95
• Square Footage: 14,364
• Price Per Square Foot: $195
• Buyer: HWG VA – Beach LLC
• Seller: 1808 Salem LLC
• Broker: Rob Wright - Cushman & Wakefield

HWG VA – Beach LLC completed the acquisition of the retail property from 1808 Salem LLC with the transaction facilitated by broker Rob Wright from Cushman & Wakefield. The deal highlights the involvement of established entities in the commercial real estate market within the Virginia Beach area.