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770 Lynnhaven Pky
Virginia Beach, VA 23452
Lynnhaven Corporate Center I · Office Property For Sale
Executive Summary
Strong In-Place NOI - Stabilized, fully leased asset generating durable in-place cash flow, supported by a diversified tenant roster anchored by established local operators.
Attractive Weighted Average Lease Term (WALT): 4.95 Years - Well-distributed lease expirations provide near-term income visibility while preserving future rollover optionality.
Core Lynnhaven Corridor Location: Positioned along Lynnhaven Parkway with direct connectivity to I-264, Hilltop, and surrounding residential neighborhoods, benefiting from
strong population density and sustained demand for office and service-oriented tenancy.
Attractive Weighted Average Lease Term (WALT): 4.95 Years - Well-distributed lease expirations provide near-term income visibility while preserving future rollover optionality.
Core Lynnhaven Corridor Location: Positioned along Lynnhaven Parkway with direct connectivity to I-264, Hilltop, and surrounding residential neighborhoods, benefiting from
strong population density and sustained demand for office and service-oriented tenancy.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
35,421 SF
Building Class
B
Year Built
1985
Price
$5,300,000
Price Per SF
$149.63
Cap Rate
7.33%
NOI
$388,490
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
17,711 SF
Slab To Slab
11’
Building FAR
0.31
Lot Size
2.60 AC
Opportunity Zone
Yes
Zoning
I1 - Office and food and beverage
Parking
112 Spaces (3.16 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Bus Line
- Signage
- Monument Signage
Property Taxes
| Parcel Number | 1496-56-3182 | Improvements Assessment | $2,174,800 |
| Land Assessment | $1,584,000 | Total Assessment | $3,758,800 |
Property Taxes
Parcel Number
1496-56-3182
Land Assessment
$1,584,000
Improvements Assessment
$2,174,800
Total Assessment
$3,758,800
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