PRESS RELEASE: CBRE|Hampton Roads Sells Prime Outer Banks Commercial Location

Norfolk, Va. –  CBRE|Hampton Roads is pleased the sale of South Beach Plaza at 2424 S. Croatan Highway in Nags Head, NC for $2.7 million.

South Beach Plaza consists of four parcels of commercial land totaling 4.68 acres. Built in 2009, Parcel A is a 7,216 SF one-story retail building occupied by Dunkin Donuts, Viva Mexican Restaurant, Sweet Frog Premium Yogurt and Jersey Mike’s. Parcel B has a 13,656 SF, two-story building with covered parking that Outer Bank Laser Tag currently occupies 5,260 SF. Parcels C and D have approved development plans for 12,371 SF building and parking.

The property is located in the Outer Banks of North Carolina just south of the Wright Memorial.

Patrick Gill, CCIM, and Joanna Hastings of CBRE|Hampton Roads represented the seller in the transaction.

TAGS: Investment