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Corporate Center II 4456 Corporation Ln 54,033 SF Office Building Virginia Beach, VA 23462 $5,700,000 ($105.49/SF)

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INVESTMENT HIGHLIGHTS

  • Quality Class B+ Office Building
  • Excellent Window Line with Flexible Office Build Out Configuration
  • Located in Highest Regarded Submarket in the MSA; Highly Accessible Regional Location
  • Full Second Floor Available, Perfect for Owner User
  • Premier Town Center Location; Proximate to Town Center Amenities
  • Attractive Financing; Assumable

EXECUTIVE SUMMARY

Colliers is pleased to present Corporate Center 2 for Sale for the first time in over a decade. The building is situated in the thriving Town Center area of Virginia Beach - one of the lowest vacancy submarkets in the region. At ± 53,000 SF, the building is mid-sized with flexible floorplates and a full glass line. This makes office layouts a breeze both in open plan or private office. A few minutes’ drive to I-264 creates easy access to the region and all the amenities of Town Center and Pembroke Mall make this a terrific
location.
In its current state, it is a perfect opportunity for an owner-user to purchase the building and allow other tenants to pay a substantial portion of the debt service. The building also has the potential to be repositioned and taken back to market as a multi-tenant office building in one of the most desired submarkets in the region.

PROPERTY FACTS

Sale Type
Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Building Size
54,033 SF
Building Class
B
Year Built/Renovated
1982/1999
Price
$5,700,000
Price Per SF
$105.49
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
18,011 SF
Slab To Slab
11’
Building FAR
0.35
Lot Size
3.59 AC
Zoning
B3 - Mixed Use
Parking
212 Spaces (3.92 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Atrium
  • Banking
  • Bus Line
  • Controlled Access
  • Signage

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 100
  • 4,624 SF
  • Office
  • -
  • Now
  • 1st Fl-Ste 120
  • 4,334 SF
  • Office
  • -
  • Now
  • 1st Fl-Ste 142
  • 1,653 SF
  • Office
  • -
  • Now
  • 2nd Fl-Ste 200
  • 18,011 SF
  • Office
  • -
  • Now
  • 3rd Fl-Ste 300
  • 6,023 SF
  • Office
  • -
  • Now
  • 3rd Fl-Ste 336
  • 1,704 SF
  • Office
  • -
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 100 4,624 SF Office - Now
1st Fl-Ste 120 4,334 SF Office - Now
1st Fl-Ste 142 1,653 SF Office - Now
2nd Fl-Ste 200 18,011 SF Office - Now
3rd Fl-Ste 300 6,023 SF Office - Now
3rd Fl-Ste 336 1,704 SF Office - Now

1st Fl-Ste 100

Size
4,624 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 120

Size
4,334 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 142

Size
1,653 SF
Space Use
Office
Condition
-
Available
Now

2nd Fl-Ste 200

Size
18,011 SF
Space Use
Office
Condition
-
Available
Now

3rd Fl-Ste 300

Size
6,023 SF
Space Use
Office
Condition
-
Available
Now

3rd Fl-Ste 336

Size
1,704 SF
Space Use
Office
Condition
-
Available
Now

1st Fl-Ste 120

Size 4,334 SF
Space Use Office
Condition -
Available Now

2nd Fl-Ste 200

Size 18,011 SF
Space Use Office
Condition -
Available Now

3rd Fl-Ste 336

Size 1,704 SF
Space Use Office
Condition -
Available Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1477-66-6747
Land Assessment
$1,239,900
Improvements Assessment
$4,531,600
Total Assessment
$5,771,500
  • Listing ID: 33777748

  • Date on Market: 11/6/2024

  • Last Updated:

  • Address: 4456 Corporation Ln, Virginia Beach, VA 23462

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