News Releases
Office Condominium Sells in Cleveland Street Business Park
Virginia Beach, VA - January, 2010Thalhimer, a Member of the Cushman & Wakefield Alliance, is pleased to announce the sale of 5741 Cleveland Street, Suite 120 in Cleveland Street Business Park in Virginia Beach, Virginia.
ERG Properties, LLC purchased the approx. 1,630 sq. ft. office condo from Cleveland Street Properties, LLC for $232,000 and the property will serve as the corporate headquarters for Environmental Resources Group.
O. E. Burke of Thalhimer handled the sale negotiations.
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Market data gave all indications that luxury townhome community should be able to support additional rental income for the investors through increase occupancy and rental rates.
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