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Colliers Represents Seller In $8.6M Sale Of Lynnhaven Square Retail Center In Virginia Beach

Property Image
SOLD
$8,600,000
Jeff Fritz
Jay O’Donnell

Virginia

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Retail900,000 SF
Sold 07/29/2025
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Property Image
SOLD

Colliers Represents Seller In $8.6M Sale Of Lynnhaven Square Retail Center In Virginia Beach

2077 Lynnhaven Parkway & 2085 Lynnhaven Parkway

See Similar Deals
Retail900,000 SF
Sold 07/29/2025
Jeff Fritz
Jay O’Donnell
the dealplayerscompscontact
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Summary

VIRGINIA
Asset Type:Retail
Price Per Square Foot:$9
Total Square Footage:900,000 SF
Transaction Type:Sale

The property involved in this transaction is a fully leased retail center located at 2077-2085 Lynnhaven Parkway, Virginia Beach, VA. The asset has a sale price of $8,600,000 and encompasses a total of 450,000 square feet, resulting in a price per square foot of $19.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $8,600,000
  • Address: 2077-2085 Lynnhaven Parkway
  • Market: Virginia Beach, VA
  • Total Square Feet: 450,000
  • Price Per Square Foot: $19
  • Brokers: Jeff Fritz & Jay O’Donnell - Colliers

Colliers represented an undisclosed TIC seller in the transaction. Following the sale, the buyer has engaged Colliers’ George Fox for leasing advisory services to assist with the property, which is part of the 2.4-acre land within the Salem Crossing development.

Players

Jeff Fritz
Colliers
Jeff Fritz
4 deals$28M volume(757) 228-1840
BROKER
Jay O’Donnell
Colliers
Jay O’Donnell
4 deals$28M volume(434) 284-4019
BROKER
Colliers
Colliers
BROKERAGE

Details

SOLD
IMAGE: 07/29/2025 ADDRESS: 2077-2085 Lynnhaven Parkway MARKET: Virginia Beach, VA ASSET TYPE: Retail BROKERS: Jeff Fritz & Jay O’Donnell - Colliers SALE PRICE: $8,600,000 SF: 450,000 ~ PPSF: $19 NOTE: Colliers brokered the $8.6M sale of Lynnhaven Square, a fully leased retail center in Virginia Beach, on behalf of an undisclosed TIC seller. The buyer has retained Colliers’ George Fox for leasing advisory as part of the 2.4-acre property within the 450,000-square-foot Salem Crossing development.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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