Hampton Roads · Commercial sale
Vbva Lodging buys 5733 Cleveland St in Virginia Beach for $16.05 million
A hotel at 5733 Cleveland St, Virginia Beach sold for $16,051,001 on July 30, 2026. See the seller and buyer net sheets for this sale.
- Sale price
- $16,051,001
- Sold
- July 30, 2026
- Property type
- Hotel
- Lot size
- 106,272 sq ft
- Year built
- 2008
A hotel at 5733 Cleveland St in Virginia Beach sold for $16,051,001 on July 30, 2026, according to the Virginia Beach Real Estate Assessor's sales records. The price represents a significant drop from the property's $20,000,000 sale in 2018.
Vbva Lodging LLC purchased the property, which sits on a 2.44-acre lot, according to the City of Virginia Beach Office of the Real Estate Assessor's records. The building was constructed in 2008.
The sale price of $16,051,001 falls below the market value of $15,091,500 on record with the City of Virginia Beach Office of the Real Estate Assessor.
What this sale costs to close
What does closing cost at this price? Under Virginia Beach custom the seller's larger charges are $16,051.50 for the grantor's tax and $9,630.66 for the regional transportation improvement fee (Hampton Roads grantor's tax). The seller's estimated net is $15,941,310 before brokerage commissions and any loan payoff. A cash buyer would need about $16,058,696 at closing.
Source: City of Virginia Beach Real Estate Assessor, property sales (Virginia Beach Open Data), document 202603036835. 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.
