Newport News office building sells for $3.4M
Property 100% leased at the time of transaction
An office building in Newport News has sold for $3.4 million, Cushman & Wakefield | Thalhimer announced last week.
Located at 11818 Rock Landing Drive in the Oyster Point Park area, the 29,092-square-foot Peninsula Professional Building was 100% occupied at the time of the sale. The building is leased to several tenants including TPMG Behavioral Health, Coastal Prosthetics and Orthotics LLC, and Alliance Solutions Group Inc.
Peninsula Partners LLC purchased the class A office building from Municipal Partners II LLC as an investment.
Teresa Nettles of Cushman & Wakefield | Thalhimer handled the sale on behalf of the seller. Thalhimer will continue to lease and manage the property.