World Mission Society Church Of God Acquires Church In Virginia Beach For $2.1M From Road To Emmaus
1001 Indian Lakes Boulevard
$2,100,000
$120/SF
Building Size
17,400 SF
Asset Type
Church
Closing
Oct 1, 2026
About this deal
AI
The property asset involved in the transaction is a church located at 1001 Indian Lakes Boulevard in Virginia Beach, VA. The church encompasses a total area of 17,400 square feet and was sold for $2,100,000, which equates to a price per square foot of $121.
Summary of transaction details:
- Property Type: Church
- Transaction Amount: $2,100,000
- Square Footage: 17,400
- Price per Square Foot: $121
- Buyer: World Mission Society Church of God
- Seller: Road to Emmaus
- Broker: Josh Fulton - Cushman & Wakefield
- Sale Date: 10/01/2026
- Market: Virginia Beach, VA
The transaction features the involvement of Josh Fulton from Cushman & Wakefield, who represents the buyer, World Mission Society Church of God, in this property acquisition. The seller in this transaction is Road to Emmaus.
On the Map
$2,100,000
$120/SF
Church
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Players
Virginia Beach Church Market Snapshot
Boundary boundary · Church · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93