This property has sold.

Details: Retail

Asking Price: $1,125,000

Square Feet: 8,908 SF

Year Built: 2008

SOLD – Peninsula Town Center – Building A

3150 Allainby Way, Hampton, VA

  • All common areas are managed by the POA, giving the owner limited management responsibility.
  • The center is 80% occupied leaving almost $500k of value through future lease-up and rent growth
  • Internet resistant tenant mix including a new lease with one of the regions most successful brunch restaurants, Canvas
  • Immediately adjacent to the top performing hotel in the market, Element Hotel and 405 residential units within Peninsula Town Center
  • The Peninsula Town Center Anchor, Target, was fully remodeled in 2022 with a full interior remodel and exterior facelift
  • With over 6.76 million annual visits, PTC is the most visited shopping center in all of Virginia, and within the top 98th percentile in the United States per data from
  • Peninsula Town Center offers a variety of experiential retail uses including over 25 restaurants and EVO entertainment theater, which complement the overall development’s activity-oriented retail such as Skyzone and Latitude Climbing Gym
  • High traffic count intersection
    • I-64: 183,000 cars daily
    • Mercury Blvd: 61,000 cars daily
  • The Hampton Roads market is a direct beneficiary of being home to the largest concentration of military installations in the world
  • Significant Live/Work/Play environment with a combination of 405 multifamily units on site with another 30 units planned

This property has sold.