Beach Office Property Sells for $7M

VIRGINIA BEACH, VA-In a deal valued at about $6.8 million, ownership of Oceana Place has changed hands. With the assistance of Divaris Real Estate Inc., BetaWest Ltd. affiliate PHL-OPCO LP has sold the property to HRPT Properties.

“Oceana Place’s combination of strong, stable tenancy, excellent location and quality construction attracted a number of potential buyers,” says Jason Oliver of the Divaris Investment Sales Group. At the time of the deal, Oceana Place, which sits on 7.5 acres at 448 Viking Dr., was 90% leased. Divaris had been marketing space in the building at $16.75 per sf.