Updated Oct 20, 2026
Annie Gu And Simon Ao Purchase Industrial Property At 1200 Chesley Ave For $1,750,000
1200 Chesley Ave
$1,750,000
$110/SF
Building Size
15,860 SF
Asset Type
Industrial
Closing
Jul 15, 2025
About this deal
AI
The industrial asset located at 1200 Chesley Ave in Richmond has been sold for $1,750,000.00. The property encompasses a total area of 15,860 square feet, contributing to its value in the industrial market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,750,000.00
- Address: 1200 Chesley Ave
- Market: Richmond
- Square Footage: 15,860.0
- Buyer: Annie Gu and Simon Ao
- Brokers: Davide F. Pio, CCIM
Annie Gu and Simon Ao are the buyers involved in this transaction, while Davide F. Pio, CCIM, represented them as their broker during the deal process.
On the Map
$1,750,000
$110/SF
Industrial
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Players
Richmond Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93