Chesapeake Dexter St West LLC Acquires Distribution Center In Chesapeake For $10.3M

The distribution center located at 101 Dexter St. W in Chesapeake, VA, spans 151,669 square feet and was recently sold for $10.3 million. Situated on nearly 14 acres, the property is a commercial asset fully leased to The Empire Co. and Taylor Freezer Co. The sale was arranged by S.L. Nusbaum Realty Co., with Sam Rapoport representing the seller in the transaction.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $10,300,000.00
• Market: Chesapeake
• Seller's Rep: Sam Rapoport()
• Buyer: Chesapeake Dexter St West LLC
• SF: 151669
• Address: 101 Dexter St W, Chesapeake, VA, 23...

The sale of the distribution center was completed between the seller's representative, Sam Rapoport of S.L. Nusbaum, and the buyer, Chesapeake Dexter St West LLC. The property's strategic location near the Port of Virginia and the Norfolk Naval Shipping Yard enhances its value as a lucrative commercial investment. The transaction underscores the effective negotiation skills and market knowledge of the real estate professionals involved.