Seminole Trail Management Acquires Office Building In Virginia Beach For $15.5M

The office property located at 477 Viking Drive in Virginia Beach, VA has been sold in a transaction that closed on January 13, 2023. The property, comprising 99,137 square feet, was sold for $15,500,000 at a price per square foot of $156. The buyer of the property is Seminole Trail Management, while the seller is Robinson Development Group. The sale was facilitated by brokers Will Bradley and Mark Williford from Colliers.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $15,500,000
• Address: 477 Viking Drive, Virginia Beach, VA
• Market: Virginia Beach, VA
• Buyer: Seminole Trail Management
• Seller: Robinson Development Group
• Brokers: Will Bradley & Mark Williford - Colliers
• Square Footage: 99,137
• Price per Square Foot: $156

This transaction represents a significant sale in the Virginia Beach office market, with Seminole Trail Management acquiring the 99,137 square-foot property from Robinson Development Group for $15,500,000. Will Bradley and Mark Williford from Colliers served as the brokers representing both parties in this deal.