Value-Add Opportunity | 100% Leased Class B Office Park | Below Market Rents

For Sale

Old Donation Executive Park | 4521-4529 E Honeygrove Road, Virginia Beach, VA 23455

This Virginia Beach property for sale is located at Old Donation Executive Park | 4521-4529 E Honeygrove Road. The current listed sale price for Value-Add Opportunity | 100% Leased Class B Office Park | Below Market Rents is $2,950,000. Value-Add Opportunity | 100% Leased Class B Office Park | Below Market Rents is situated on a lot that is 1.9 square feet in size.

Contacts

Clark Simpson
William Dickinson

Colliers

Property Details

  • Property Type Office - General Office
  • Lot Size 1.9 SF
  • Parking Spaces Avail. 92
  • Year Built 1984
  • Date Updated Jul 29, 2026

Colliers is pleased to exclusively present the opportunity
to purchase Old Donation Executive Park. The property
consists of three (3) single-story, direct-access buildings
totaling 20,372 square feet. Positioned just minutes
from the Virginia Beach Town Center, the asset benefits
from strong surrounding amenities, convenient regional
access, and proximity to one of the Hampton Road’s
most active commercial corridors.


The property presents a compelling value-add
opportunity driven by below market in-place rents
and near-term lease rollover. Current rents average
nearly 16% below market rates, offering investors
meaningful upside potential for lease renewals and
mark-to-market opportunities. New ownership will be
well positioned to capture this upside in the near term
with a weighted average lease term of 2.1 years.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 65/100

    Walk Score ®

  • 38/100

    Transit Score ®

  • 43/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Virginia Beach, VA
  • Neighborhood Old Donation Manor
  • Zip Code 23455

Points of Interest

  • Newtown Road

    3.86 miles

  • Military Highway

    4.96 miles

  • Ingleside Road

    6.05 miles

  • Ballentine/Broad Creek

    6.95 miles

  • NSU

    7.82 miles

  • Beazley

    8.02 miles

  • Goode

    8.08 miles

  • Norfolk

    8.22 miles

  • Harbor Park

    8.32 miles

  • Civic Plaza

    8.70 miles

  • 7-Eleven

    0.92 miles

  • Exxon

    1.93 miles

  • Citgo

    2.20 miles

  • Kroger Fuel

    2.21 miles

  • Sunoco

    2.30 miles

  • Wawa

    2.31 miles

  • ChargePoint

    2.35 miles

  • BJ's Gas

    2.74 miles

  • Tesla Supercharger

    4.98 miles

  • Electric Vehicle Charging Station

    5.78 miles

  • Little Neck Park - Parking Lot

    1.91 miles

  • Lot

    3.25 miles

  • Pool Parking lot

    3.40 miles

  • Long Term Parking

    4.40 miles

  • Long Term Parking (East Lot)

    4.41 miles

  • Short Term Parking (North Lot)

    4.44 miles

  • Short Term Parking (Metered)

    4.44 miles

  • Cell Phone Lot

    4.46 miles

  • Short Term Parking (South Lot)

    4.46 miles

  • Long-Term Parking

    4.56 miles

  • Hyatt Place Virginia Beach Town Center

    1.82 miles

  • Hilton Garden Inn Virginia Beach Town Center

    1.96 miles

  • The Westin Virginia Beach Town Center

    2.11 miles

  • Fairfield Inn & Suites

    2.39 miles

  • Days Inn

    2.42 miles

  • Residence Inn Virginia Beach Town Center

    2.51 miles

  • Extended Stay America

    2.53 miles

  • Howard Johnson by Wyndham Virginia Beach

    2.55 miles

  • Candlewood Suites Virginia Beach Town Center

    2.56 miles

  • Quality Inn - Little Creek

    2.57 miles

  • Lidl

    0.14 miles

  • Harris Teeter

    0.26 miles

  • Marshalls

    0.28 miles

  • Target

    1.72 miles

  • The Fresh Market

    1.77 miles

  • Kohl's

    1.79 miles

  • Pembroke Square

    1.80 miles

  • Food Lion

    1.99 miles

  • ALDI

    2.00 miles

  • Walmart Supercenter

    2.09 miles

Contact Value-Add Opportunity | 100% Leased Class B Office Park | Below Market Rents
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