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College Park IV

6477 College Park Square, Virginia Beach, VA

  • For Sale $3,100,000
  • Property Type Office - General Office
  • Lot Size 2.12 SF
  • Parking Ratio 149.00/ 1,000 SF
  • Building Class B
  • Date Updated Jun 22, 2022

Colliers Virginia has been retained as the exclusive representative for the sale of The Atrium at College Park in Virginia Beach, Virginia. The suburban office building is located at 6477 College Park Square.
The Atrium at College Park consist of 37,564 square feet of space and is currently 89% leased and is within minutes of major demand drivers and retail amenities in both Greenbrier and Military Circle. The property is located just four miles from Greenbrier, the region’s largest office submarket with over 50,000 workers. Greenbrier boasts a deep amenity base including extensive restaurants, entertainment, and retail options (including the Greenbrier Mall, Town Center, and Market Center). As asking rents continue to rise in the Greenbrier submarket, this property benefits from attracting tenants looking for more a affordable option, while still enjoying the extensive dining and employee amenities nearby.
The Hampton Roads office market continues to remain strong with an 12% overall vacancy rate. The office market experienced positive net absorption of 78,000 square feet in 2021. The average rents for Class B space is currently $20.00 per square foot.
The property is free and clear of any existing financing which will allow the Purchaser to capitalize on the currently attractive debt market, particularly if the buyer was an owner-occupant.
The building is centrally located and easily accessed by Military Highway, Providence Road and Indian River Road. Interstate 64 is approximately 1/2 mile away. Three hundred thousand people live within a 5 mile radius of The Atrium at College Park.

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Location

  • City Virginia Beach, VA
  • Neighborhood Knob Hill
  • Market Richmond Tidewater

Contacts

Patrick Gill

Colliers

Frequently Asked Questions

What is the total square footage of College Park IV?

College Park IV totals 37,564 square feet.

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Contact Listing Broker

Patrick Gill

Colliers

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