Indigo 19

196-Unit Core-Plus Asset Minutes from Whole Foods In a Submarket With No New Supply

Colliers is pleased to present Indigo 19, a 196-unit core-plus asset that checks all the boxes of a dynamic core asset, yet provides targeted value-add upside. Built in 2013 and located in affluent Virginia Beach, Indigo 19, offers upscale unit interiors and a dynamic amenity package that appeals to a high-income demographic ($131,000 Average Annual Household Income within a 3-mile radius of the property). All 196 units are 100% market-rate and feature granite countertops, hardwood-style floors, subway tile backsplash, and stainless steel appliances. Strategic value-add improvements including modernizing the cabinets and adding a tech package will help close the gap with nearby competitors. South Beach Apartments, located next door, is renovating units with premium finishes to achieve average rents over $550/unit greater than Indigo 19.

Positioned in the heart of Virginia Beach, Indigo 19 provides residents with easy access to major employers such as Amazon, the Sentara Virginia Beach General Hospital, and the Oceana Naval Air Base, in-demand retail including Whole Foods, Trader Joe’s, Target, and Walmart, and miles of beachfront. New ownership will acquire one of the premier assets in Virginia Beach with the ability to leverage excellent market rent growth (4.5% in 2026), no new supply, and outstanding occupancy rates (97% in Virginia Beach) to quickly increase top-line revenue.

94% Occupied