Hampton Roads · Commercial sale
Indigo 19 Fee Owner buys 1940 Pavilion Dr in Virginia Beach for $40.2 million
An apartment complex at 1940 Pavilion Dr, Virginia Beach sold for $40,200,000 on October 7, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $40,200,000
- Sold
- October 7, 2026
- Property type
- Apartment complex
- Lot size
- 148,399 sq ft
- Year built
- 2013
The apartment complex at 1940 Pavilion Dr in Virginia Beach sold for $40,200,000 on October 7, 2026, according to the Virginia Beach Real Estate Assessor's sales records.
The record lists Indigo 19 Fee Owner LLC as the buyer.
City of Virginia Beach Office of the Real Estate Assessor records list a build year of 2013 and a 3.41-acre lot. The market value on record is $44,622,800. The last sale on record was $41,500,000 in 2020.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in Virginia Beach?
By our estimate, the seller's two largest charges, not counting prorations, were $40,200 for the grantor's tax and $24,120 for the regional transportation improvement fee (Hampton Roads grantor's tax). Who pays what follows Virginia Beach custom.
How much did the seller net?
By our estimate, the seller netted about $40,037,048. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $40,327,904 at closing. That covers the full price and closing costs.
Source: City of Virginia Beach Real Estate Assessor, property sales (Virginia Beach Open Data), document 202603049154. 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.
