Premier Office Building For
1293 Perimeter Pkwy Virginia Beach, VA 23454
1293 Perimeter Pkwy, Virginia Beach, VA, 23454
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For Sale
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Premier office building in Corporate Landing Business Park, Virginia Beach.
Property Size30,600 SF
Price / SF$198.37
Days on Market1070
Property Features for 1293 Perimeter Pkwy
General Information
- Standard status
- Active
- Size
- 30,600 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2002
Listing agency
Atlas Realty Advisors
Listed by
Dominic Cardine · License #PA RS339249
Source
Crexi
Added: Aug 17, 2023 Updated: Jul 6 at 7:44AM Checked: Jul 21 at 8:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlas Realty Advisors
Investment Insights
Based on property information with market context.
The property at 1293 Perimeter Parkway is a premier office building located in the Corporate Landing Business Park in Virginia Beach, Virginia. Situated several miles from I-264 via four-lane divided roads, the location is within the South Hampton Roads area of the Hampton Roads MSA. The building is conveniently located off General Booth Boulevard, between Naval Air Station Oceana and Dam Neck Fleet Training Center. A variety of shopping, food service, and hotel amenities are located nearby. The property has a size of 30600 square feet and is intended for use as an office building.
Key Highlights
- Premier office building in Corporate Landing Business Park.
- Conveniently located off General Booth Boulevard, close to Naval Air Station Oceana and Dam Neck Fleet Training Center.
- Proximity to shopping, food service, and hotel amenities.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $672.0k | $21.96 |
| − Vacancy | −$100.8k | −$3.29 |
| EGI | $571.2k | $18.67 |
| − OpEx | −$142.8k | −$4.67 |
| NOI | $428.4k | $14.00 |
30,600 SF · lease $21.96/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.12M
$5.35M – $7.14M
NOI $428,385 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.74M
$6.77M – $9.03M
NOI $541,811 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lockheed Martin
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Premier office building in Corporate Landing Business Park, Virginia Beach.
Where is this office building located?
The property is located at 1293 Perimeter Pkwy Virginia Beach, VA.
What is the asking price?
The asking price for this property is $6,070,000.
What are key features of this property?
This property features: Premier office building in Corporate Landing Business Park.; Conveniently located off General Booth Boulevard, close to Naval Air Station Oceana and Dam Neck Fleet Training Center.; Proximity to shopping, food service, and hotel amenities.
