NORFOLK, VA (September 2020): SLN Capital Markets, a division of S.L. Nusbaum Realty Co., has sold a two-tenant strip center in Virginia Beach, VA. The property, located at 208 N. Birdneck Road, sold for $1,377,500. The deal closed on September 1, 2020 after less than 30 days of marketing time.
“Investment properties like these are highly desirable,” said Doug Aronson, Senior Managing Director of SLN Capital Markets, who represented the seller, along with Bill Overman, CCIM and John Wessling, CCIM of S.L. Nusbaum Realty Co. “We fielded multiple offers, including two at full price, and were able to transact rather quickly.”
The property is an outparcel to the Birdneck Shopping Center, located at the intersection of Birdneck Rd. and Virginia Beach Blvd. It is within a quarter mile of the Virginia Beach Convention Center, and less than two miles to the Oceanfront.
SLN Capital Markets, a division of S.L. Nusbaum Realty Co., specializes in the sale and purchase of single and multi-tenant properties including net leased (NNN), shopping centers, office/industrial and multifamily. We work with both private and institutional investors and developers in the acquisition and disposition of their assets and advise and counsel accordingly based on their needs. For more information, visit: www.slncapitalmarkets.com.
With over 115 years of expertise in the real estate industry, S.L. Nusbaum Realty Co. manages, develops and provides sales and leasing services for shopping centers, apartment communities, office, industrial and investment properties throughout the Mid-Atlantic and Southeast.