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Home News Industries Real Estate Va. Beach post office building sells for $5M

Va. Beach post office building sells for $5M

Building is 29,813 square feet

Published June 7, 2022 by Robyn Sidersky

A building housing a post office in Virginia Beach has been sold. Photo courtesy Marcus & Millichap

A 29,813-square-foot property leased to the U.S. Post Office in Virginia Beach has been sold for $5 million.

U.S. Post Office Acredale-Annex at 1700 Centerville Turnpike was built in 2000 and was sold by Faith Irrevocable Trust to Postal Realty Trust.

The property is on a 25-year net-leased structure with the tenant.

Michael J. Early and Vince Schwab with Marcus & Millichap’s Hampton Roads and San Francisco offices, respectively, marketed the property on behalf of the seller.

 

https://content.yudu.com/web/1sfs5/0A1shn6/June2022/index.html   Subscribe to Virginia Business. Get our daily e-newsletter.

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