Hugh D. Cohen Acquires Self Storage In Virginia Beach For $58.1M Loan From Prime Finance

2424 Castleton Commerce Way, Virginia Beach, VA 23456

$58,150,000

$149/SF

Building Size

390,380 SF

Asset Type

—

Closing

Dec 8, 2021

AI

Hugh D. Cohen and David Merkin were involved in a recent closed transaction for a self storage property located at 2424 Castleton Commerce Way in Virginia Beach, VA. The property spans approximately 390,380 square feet.

Summary of transaction details

Property Type: Self Storage
Transaction Amount: $58,150,000
Date: 12/08/2021
Market: Virginia Beach, VA

In this transaction, the lender was Prime Finance. The landlord of the property is Cohen Investment Group, represented by Hugh D. Cohen. David Merkin from Eastern Union served as the broker.

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