4521 E Honeygrove Rd, Virginia Beach, VA 23455

Old Donation Executive Park at 4521-4529 E. Honeygrove Road, Virginia Beach, VA offers a compelling opportunity to acquire a 100% occupied, value-add office asset in one of Virginia Beach’s most desirable business locations. The property features three single-story, direct-access office buildings totaling 20,372 square feet on 1.9 acres, with 92 parking spaces and a stable roster of eight tenants. Located just minutes from Virginia Beach Town Center and along the Independence Boulevard corridor, the asset benefits from outstanding access to major retail, dining, medical, and business amenities. Its position within the Haygood/Bayside trade area places it in a supply-constrained submarket with limited new office development and strong long-term tenant appeal. What makes this offering especially attractive is its built-in upside: in-place rents average approximately 15.72% below market, creating a clear path for revenue growth through renewals and mark-to-market leasing. With a weighted average lease term of 1.7 years, investors are well positioned to capture near-term income growth while benefiting from current cash flow. Offered at $2,950,000, this is a rare chance to invest in a well-located, fully leased office park with immediate upside potential.