Hampton Roads · Commercial sale
CM RE 125 buys 125 Sykes Ave in Virginia Beach for $1.95 million
An industrial building at 125 Sykes Ave, Virginia Beach sold for $1,950,000 on September 1, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $1,950,000
- Sold
- September 1, 2026
- Property type
- Industrial building
- Lot size
- 26,682 sq ft
- Year built
- 1986
An industrial building at 125 Sykes Ave in Virginia Beach sold for $1,950,000 on September 1, 2026, according to the Virginia Beach Real Estate Assessor's sales records. The sale price is 3.2 times the $618,300 market value on record.
The record lists CM RE 125 LLC as the buyer.
The City of Virginia Beach Office of the Real Estate Assessor's records show a 1986 construction date and a 0.61-acre lot. The most recent earlier sale on record is $1,000,000 in 2026.
What this sale costs to close
What does closing cost at this price? Under Virginia Beach custom the seller's larger charges are $1,950 for the grantor's tax and $1,170 for the regional transportation improvement fee (Hampton Roads grantor's tax). The seller's estimated net is $1,934,648 before brokerage commissions and any loan payoff. A cash buyer would need about $1,950,741 at closing.
Source: City of Virginia Beach Real Estate Assessor, property sales (Virginia Beach Open Data), document 202603042955. Property details: City of Virginia Beach Office of the Real Estate Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
